Bitcoin is entering June 2025 with strong long-term momentum, but short-term signals suggest cooling bullish pressure following a sharp rally to multi-month highs. With price action now testing resistance near $112,000, traders are assessing whether this is a temporary pause or the beginning of a broader correction. This article provides a comprehensive monthly forecast using multi-timeframe technical analysis, combining short-term indicators with the overarching weekly structure to evaluate Bitcoin’s path ahead.
What’s Driving Bitcoin’s Current Price Movement?
As of early June 2025, Bitcoin trades around $105,800—slightly off recent highs near $112,000. While the long-term trend remains firmly bullish, short-term sellers have re-entered the market as price meets resistance at a critical technical zone.
The weekly chart offers essential context. Bitcoin decisively broke out of a descending wedge pattern in early Q2 2025 and has since reclaimed key psychological levels at $95,000 and $100,000—now acting as strong support. This macro-level breakout confirms the broader bullish structure, with price now moving within an established ascending channel.
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However, after a powerful rally through April and May, Bitcoin is currently consolidating near the upper boundary of this range. Such consolidation often precedes either a breakout to new highs or a pullback to reset momentum—making June a pivotal month for directional clarity.
Technical Breakdown: Short-Term Price Action
On the daily chart, Bitcoin has formed a lower high just below $112,000, followed by a retracement to the 0.236 Fibonacci support level at $103,145. If this level holds, a renewed push toward $115,000 remains within reach. However, a sustained break below $103,145 could expose deeper support zones at $97,663 (0.382 Fib) and $93,200 (0.5 Fib), signaling a more significant correction.
The 4-hour chart reveals a clean breakdown from an ascending wedge pattern, with emerging support forming around $105,000. The short-term structure has tilted from neutral to bearish, though a full bearish reversal has not yet been confirmed. Should bulls successfully defend the $105,000–$103,000 zone, the next leg upward could resume toward previous highs.
Key Technical Indicators: What the Data Says
Relative Strength Index (RSI)
The RSI presents a mixed picture across timeframes. On the daily chart, RSI has cooled to the 55–60 range after entering overbought territory, indicating weakening short-term momentum. However, the weekly RSI remains elevated—supporting the idea that while upside speed may slow, the broader uptrend is still intact as long as pullbacks are contained.
MACD (Moving Average Convergence Divergence)
The MACD shows divergence between timeframes. On the daily chart, the MACD line has crossed below the signal line—a typical sign of fading bullish momentum. In contrast, the weekly MACD continues to trend upward, reinforcing that long-term momentum remains constructive even if short-term traders take profits.
Ichimoku Cloud
The daily Ichimoku Cloud shows price still trading above the cloud (bullish), but the Chikou Span is flattening—suggesting diminishing buying pressure. On the weekly chart, however, all core components (Tenkan-sen, Kijun-sen, Cloud) remain aligned upward, confirming strong underlying bullish sentiment.
Bollinger Bands
Both 4-hour and daily Bollinger Bands are expanding again—indicating rising volatility. Price is currently approaching the lower band on the 4-hour chart, which could act as short-term support and a potential bounce zone—even amid broader market uncertainty.
Why Is Bitcoin Pulling Back in Early June 2025?
Bitcoin’s recent price softness stems from both technical and macro factors:
- Technical Overextension: The rapid surge from below $90,000 to $112,000 in just weeks triggered profit-taking.
- Failed Breakout: Rejection near all-time highs and a breakdown from the ascending wedge have opened the door for a controlled correction.
- Macroeconomic Headwinds: Mixed U.S. labor data and uncertainty around interest rate policy have dampened risk appetite across financial markets.
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This pullback is best viewed as a healthy correction rather than a trend reversal. There’s no confirmed bearish shift yet—just a natural cooling after parabolic gains.
Bitcoin Price Outlook for June 2025: Key Scenarios
Looking ahead, Bitcoin’s price action will likely revolve around three pivotal levels:
- Support: $103,000 and $100,000
- Resistance: $112,000 and beyond
Bullish Scenario
If bulls defend $103,000 and regain momentum, Bitcoin could retest $112,000 and push toward new all-time highs in the $115,000–$118,000 range. A break above $118,000 would signal renewed strength and attract fresh capital.
Bearish Scenario
A sustained drop below $103,145 could lead to deeper corrections targeting $97,663 or even $93,200. While this would represent short-term pain, such retracements often create high-conviction buying opportunities before the next major rally phase.
Despite short-term volatility, the weekly breakout remains valid, supported by trendline integrity and strong volume on up moves. The broader bullish structure is intact—but expect choppy conditions through mid-June as the market digests recent gains.
Frequently Asked Questions (FAQ)
Q: Is Bitcoin still in a bull market in June 2025?
A: Yes. Despite short-term pullbacks, the weekly chart shows a confirmed breakout from a long-term descending wedge. As long as $93,200–$97,663 holds as support, the bull market remains active.
Q: What happens if Bitcoin drops below $103,000?
A: A break below $103K could trigger further selling toward $97K or $93K. However, these levels align with key Fibonacci retracements and are likely zones of strong demand.
Q: Can Bitcoin reach $120,000 in June 2025?
A: A move to $120K is possible but unlikely without first consolidating above $112K with strong volume confirmation. Mid-month catalysts like ETF flows or macro shifts could accelerate momentum.
Q: How important is volume in confirming the next move?
A: Critical. Any breakout above $112K must be accompanied by rising volume to be considered valid. Similarly, low-volume breakdowns may be false signals.
Q: Should I buy the dip in June 2025?
A: For long-term holders, dips near $97K–$103K offer strategic entry points. Short-term traders should wait for bullish reversal patterns and volume confirmation before entering.
Final Forecast Summary
Bitcoin is navigating a consolidation phase in June 2025 after a strong H1 rally. While short-term indicators show cooling momentum and minor bearish pressure on lower timeframes, the weekly structure remains strongly bullish.
Price is likely to trade between $103,000 and $112,000 through mid-June, with direction depending on macro catalysts and volume trends. A successful defense of $103K opens the door for new highs near **$118,000**. Conversely, failure could lead to a deeper reset—setting up for stronger gains later in the year.
For traders and investors alike, patience and discipline will be key. Watch how price reacts at key Fibonacci levels and use volatility as an opportunity—not a threat.
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