On the 1-hour chart, bitcoin showed a flat-to-bearish posture, forming a tight channel between $103,500 and $105,500. Price action displayed a bearish flag pattern, typically a continuation signal for downward movement unless invalidated by bullish volume. Thinning volume underscores market hesitancy, with an intraday scalp opportunity presenting near $103,500 targeting $104,800 to $105,000. A decisive breakout above $105,500, supported by volume, could trigger a short-term rally, while a breach below $103,000 would likely activate sell-side momentum with targets near the $100,000 mark.
BTC/USD 1-hour chart via Bitstamp on June 19, 2025.
The 4-hour bitcoin chart illustrated a prevailing downtrend from a local high of $108,990 to a recent low of $103,388, followed by listless sideways trading. Lower highs and lower lows emphasize the bearish structure, and elevated sell-off volumes hint at institutional exit activity. Potential long trades require a breakout above $105,500 with increased volume, whereas failure to hold $103,000 support could open a path to test lower levels at $101,000 and $100,000, aligning with short-entry triggers.
BTC/USD 4-hour chart via Bitstamp on June 19, 2025.
On the daily chart, a broad view of bitcoin reveals a peak near $112,000 followed by a sharp pullback to $100,426, culminating in the current consolidation around $105,000. This pattern aligns with a developing Head and Shoulders top, a classical bearish formation. Price rejection at higher levels and increased volume on red candles suggest distribution. Conservative longs may find value around $100,500 to $101,000, contingent upon clear bullish confirmation, while a breakdown below $100,000 would substantiate further downside risks.
BTC/USD 1-day chart via Bitstamp on June 19, 2025.
Oscillators delivered a mostly neutral signal, reflecting market ambiguity. The relative strength index (RSI) stood at 48, the Stochastic oscillator at 42, and the commodity channel index (CCI) at -44—all indicating neutrality. The average directional index (ADX) at 15 further signaled a weak trend. However, momentum showed a bearish divergence at -5,399, and the moving average convergence divergence (MACD) stood at 283 with a negative indication, adding a slight bearish skew.
A glance at moving averages (MAs) revealed a divided outlook. Short-term averages like the exponential moving average (EMA) and simple moving average (SMA) for the 10, 20, and 30 periods all signaled bearish signals. Conversely, longer-term metrics such as the EMA and SMA for the 50, 100, and 200 periods provided bullish signals. This divergence illustrates a market in transition—potentially staging for a reversal or further capitulation, depending on upcoming price behavior near critical levels.
Bull Verdict:
If bitcoin decisively breaks above the $105,500 resistance level with strong accompanying volume—particularly on the 4-hour or daily chart—this could signal the start of a recovery toward the $108,000 zone and potentially higher. Support from longer-term moving averages suggests foundational strength remains, and a bullish reversal candle or divergence would reinforce the upside scenario.
Bear Verdict:
If bitcoin breaks below the $103,000 support level with heightened volume, the market is likely to re-test $101,000 and possibly the psychological support at $100,000. Bearish momentum from oscillators and short-term moving averages signals prevailing selling pressure, and a confirmed breakdown could trigger an accelerated downside toward the mid-$90,000 range.
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