Despite the current volatility, the daily Bitcoin chart shows that after peaking near $112,000, the main kriptovalyuta is in a consolidation phase. This level formed a double top, which triggered a pullback to the psychologically important support at $100,000.
Despite this decline, the support structure remains intact, with significant buying interest re-emerging around $102,000. Daily oscillators paint a mixed picture, with the Relative Strength Index (RSI) at 52 and the Commodity Channel Index (CCI) at -59 signaling neutral momentum. However, the bearish engulfing pattern continues to weigh on sentiment, even as declining volume suggests selling pressure may be easing.
BTC/USD daily chart on Bitstamp 7th of June 2025
In the medium term, the 4-hour chart of Bitcoin shows a dynamic rebound. After a sharp correction to $100,426 as a result of a rejection near $106,854 Bitcoin quickly recovered to the $105,000 range.
The rebound was supported by a green surge in volume, indicating strong buying activity on the dip. Bitcoinappears to be forming a bull flag or pennant just below resistance. A break above $105,500 with significant volume could open the door to $107,000, while failure to hold above $102,000 would threaten a correction.
4-hour chart of BTC/USD on Bitstamp 7th of June 2025
In the short term, Bitcoin’s hourly chart shows a stair-step rally from $101,159 to $105,416, followed by a modest pullback. This upward move was supported by heavy buying volume, which has since tapered off.
The chart shows a potential cup and handle formation with solid support at $103,500 and $104,200. A break above $105,500 from the handle formation, supported by volume, could lead to a quick rally to $106,500–$107,000.
BTC/USD Hourly Chart Bitstamp 7th of June 2025
Oscillator signals are mostly neutral across all timeframes, although there are a few outliers worth noting. The Great Oscillator is currently at -56, giving a sell signal, while the Momentum indicator is at -2797, reflecting a buy. The MACD is at 728, which is bearish.
Moving averages (MA) are mixed, with the 10-period to 200-period exponential moving averages (EMA) being bullish, with the 10-period EMA at $104,953 and the 200-period EMA at $91,614. However, the 20- and 30-period simple moving averages (SMAs) are leaning bearish, indicating medium-term pressure.
