On June 4, 2025, BTC/USD (Bitcoin/US Dollar) has been fluctuating around the $105,000 level on the 1-hour chart, attracting significant attention to this price level. The current price trend has shown an upward movement, with the $105,000 price range being a critical threshold. This analysis utilizes technical analysis to explore the future price movements using key indicators such as chart patterns, moving averages, MACD, and Bollinger Bands.
Currently, BTC/USD is trending above the short-term moving average (blue) with the long-term moving average (red) being surpassed. Specifically, the 20EMA has crossed above the 200SMA (red line), confirming a "Golden Cross," which suggests strength in the uptrend. Furthermore, the price is currently supported by the 200SMA (long-term moving average) and is trading above it.
This movement indicates that the market is maintaining a bullish stance in the short term, and if the price breaks the $105,000 resistance level, further upside potential is expected.
The MACD line (orange) is above the signal line (red), and the histogram is positioned in the positive range. This suggests that the current upward movement is supported by sustained bullish momentum, rather than a temporary spike. After the "Golden Cross" in the MACD, the price has continued to rise, indicating strong upward pressure.
Additionally, if the MACD histogram expands further, it could signal increasing momentum, and if the price breaks through the $105,000 resistance, the next target level may be reached.
The Bollinger Bands are currently converging, which signals that a significant price movement is approaching. Typically, when the Bollinger Bands converge, a sharp price movement is likely, indicating a breakout. The price is currently nearing the lower band, and a rebound from this level is expected to lead to an upward move.
If the upward movement strengthens near $105,000, the price could reach the upper band, and the next target of $107,000 might be in play.
The volume is currently at stable levels, with no significant increase in trading volume. However, if the price breaks above $105,000 and volume increases, it will enhance the credibility of the breakout. Price increases accompanied by volume suggest that the trend may continue.
Therefore, if the price surpasses $105,000 and volume increases, a continuation of the bullish trend is expected. However, if the volume decreases or stagnates, the upward movement may be temporary, and caution is required.
| Level | Price | Significance & Justification |
|---|---|---|
| Short-Term Resistance | $105,500 | Recent highs and upper wicks are observed at this level |
| Next Target | $107,000 | Round number and key target if the bullish trend continues |
| Short-Term Support | $104,000 | Price range where a rebound is expected, near 20EMA |
| Medium-Term Support | $102,500 | Matches the position of the 200SMA and the volume zone |
BTC/USD is currently forming strong support near $105,000, and the uptrend is maintained. The momentum remains strong, and especially the movement in the moving averages and MACD supports the bullish outlook. If the price breaks above $105,000, the next target will be $107,000, and the uptrend is expected to continue.
If looking to buy on a dip near $104,000, an entry based on a rebound is valid. Furthermore, if support is confirmed around $102,500, a medium-term holding strategy may also be considered.
While keeping an eye on these levels, flexible strategies based on price movements are essential for short-term trading. Therefore, traders should continue to monitor the $105,000 resistance level and make entry decisions based on subsequent market actions.
※Disclaimer: This content is for informational purposes only and does not constitute investment advice. Please conduct your own research before making any decisions.
This article is intended for informational purposes only and does not constitute financial or investment advice. The analyses and strategies mentioned are based on past data and current market conditions, and may be subject to change in the future. When making investment decisions, always conduct your own research and consult a professional if necessary.
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