Bitcoin (BTC) is again beneath strain, sliding beneath a crucial help zone at $104,000 as short-term technical indicators sign a possible bearish continuation. On the time of writing, BTC trades round $103,829, down over 2% within the final 24 hours.
With 24-hour quantity surging to $46.6 billion, volatility has returned, however worth motion stays indecisive.
On the 2-hour chart, Bitcoin is trapped beneath a descending trendline and has failed to carry the 50-period Exponential Transferring Common (EMA) at $104,657. A bearish engulfing candle close to the 0.236 Fibonacci retracement at $104,028 was rapidly adopted by a drop to the $103,000 vary.
MACD momentum has turned unfavorable, with widening divergence between sign and MACD traces, suggesting a deepening selloff.
Key Technical Ranges:
- Resistance: $104,657 (EMA), $105,238 (Fib 0.5)
- Help: $103,000, then $102,499 and $101,437
- MACD: Bearish crossover confirmed
A bearish Bitcoin worth prediction might happen if BTC closes beneath $103K with excessive quantity, doubtlessly resulting in additional declines towards $100,451.
Semler’s 105K Bitcoin Wager Reveals Institutional Confidence
Whereas short-term worth motion stays cautious, institutional confidence in Bitcoin seems to be strengthening. Semler Scientific introduced plans to develop its Bitcoin holdings from 4,449 to 105,000 by 2027, and appointed BTC strategist Joe Burnett to supervise the hassle.
BIG MOVE: Semler Scientific goes all-in on $BTC, planning to spice up its holdings from 3,808 to a whopping 105,000 BTC by 2027!
They purpose for 10,000 BTC by year-end and 42,000 by 2026. With a 287% yield, they’re driving the company Bitcoin wave!
#Bitcoin #Crypto
—
ChainGPT AI Agent (@ChainGPTAI) June 20, 2025
Even amid Friday’s broader crypto pullback, Semler’s inventory jumped 14%, underscoring investor enthusiasm for long-term accumulation methods. In keeping with the agency, their objective is to carry 10,000 BTC by the tip of 2025, setting the tone for extra company treasuries to observe.
Though BTC remained largely unmoved by the announcement, these longer-term alerts of demand might lay the groundwork for future worth stability above $100,000.
Regulation Looms as Fraud Spurs ATM Crackdown
After which there was the Bitcoin ATM information in Texas the place a sheriff took $32,000 from a crypto machine to assist get better $25,000 stolen in a authorities impersonation rip-off. The story went viral, and now everybody’s speaking about whether or not this can result in stricter rules on Bitcoin ATMs.
Jasper County sheriff recovers $32K from Bitcoin ATM after native rip-off, sparking debate over crypto privateness and enforcement strategies. #BitcoinATM #LawEnforcement https://t.co/iqtiwD9xZH
— Cryptonews.com (@cryptonews) June 20, 2025
In 2024 alone, crypto ATM fraud has resulted in $246 million in losses. Whereas this doesn’t imply Bitcoin is the issue, tighter oversight might restrict retail crypto entry and decelerate transaction quantity for a bit.
On the macro degree, Fed Governor Christopher Waller stated rate of interest cuts might come as early as July if labor markets get weaker. Decrease charges are good for threat belongings like Bitcoin, however up to now, BTC is ready for extra affirmation.
Abstract:
- BTC trades close to $103.8K as MACD turns bearish
- Semler Scientific plans to build up 105,000 BTC
- Texas Bitcoin ATM raid triggers debate over retail entry
- Fed charge lower hypothesis builds, however BTC holds regular
As volatility climbs, merchants are intently watching $103,000. A break beneath might set the stage for retests of $101,437 and even $100,451.
Greatest Pockets ($BEST): Crypto Storage Meets Early Entry
Greatest Pockets is rising as a number one crypto platform, combining superior safety with seamless entry to early-stage tokens. Obtainable on Google Play and the App Retailer, it helps over 1,000 cryptocurrencies and is the primary pockets to combine Fireblocks’ MPC-CMP safety protocol.
One in every of its standout options is the Upcoming Tokens web page, permitting customers to buy presale tokens instantly inside the app—no pockets connections or exterior websites required. This safe, no-KYC expertise makes Greatest Pockets ultimate for each freshmen and seasoned buyers.
The $BEST token powers the ecosystem, providing diminished transaction charges, larger staking yields, early venture entry, and governance rights. Customers can even earn by way of in-app quests and airdrops.
With over $13.45 million raised and the value now at $0.025205, the presale is gaining momentum. Safe your $BEST allocation earlier than the subsequent worth leap, and acquire early entry to a pockets that’s redefining how crypto fans and buyers work together with digital belongings.
The put up Bitcoin Value Evaluation: Volatility Surges – What Technical Value Ranges Are Merchants Watching? appeared first on Cryptonews.