Bitcoin trades above $106,800, holding key short-term support.
Resistance remains near $108,347 and $110,415 for further upside.
ETF inflows and reduced exchange supply continue to support price stability.
Bitcoin trades in a tight range on June 17, 2025, holding above $106,000 despite recent volatility. The price action remains active, with multiple support and resistance levels visible on the chart. Market participants stay focused on key levels as Bitcoin attempts to stabilize after recent swings.
Current Price: $106,881
Daily Change: Down by $240.31 or -0.22%
Intraday High: $108,801
Intraday Low: $106,724
Volume: 352 BTC (Binance, hourly timeframe)
The current price stays inside a consolidation zone after recent rallies and pullbacks.
The chart shows Bitcoin moving through multiple well-defined zones. Each level plays an important role in the current price behavior.
$110,415 – Strong upper resistance where previous rallies stalled. Sellers become active around this zone, causing price rejection.
$108,347 – Intermediate resistance. Bitcoin faced difficulty breaking and holding above this level during recent attempts. This zone remains important for bullish continuation.
$106,361 – Short-term support zone currently holding price up. Bitcoin attempts to stabilize near this level after today’s pullback.
$104,486 – Strong support from previous consolidation. Buyers entered here earlier, creating a platform for the recent rally.
$102,693 – Deeper support level tested during sharp sell-offs earlier this month.
$100,432 – Psychological round number and strong historical support. Break below this zone may trigger sharper declines.
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Bitcoin rose steadily from $100,000 support on June 5, climbing toward $108,000 by June 10. After testing resistance near $110,000, sellers take control, pushing prices back toward $106,000.
On June 13, heavy selling drove Bitcoin down to near $102,000 before buyers returned strongly, forming a V-shaped recovery. Since then, Bitcoin has steadily recovered, reclaiming $106,000–$107,000 levels and briefly breaking above $108,000 on June 16.
Today, Bitcoin tests $108,000 again but faces selling pressure and retraces toward $106,800. The consolidation suggests temporary indecision among traders, waiting for fresh momentum.
Bitcoin trades inside a short-term consolidation range between $106,000 and $108,000.
A breakout above $108,347 may open room for further gains toward $110,415.
Breakdown below $106,361 may expose $104,486 again.
The zone around $106,000 holds strong buying interest.
Previous support around $104,500 successfully absorbed selling pressure during past pullbacks.
Sellers actively defend zones near $108,000 and $110,000.
Multiple rejections signal the need for stronger momentum to break these levels.
Volume spikes appear during sharp sell-offs and recoveries.
Lower volume during the current consolidation suggests temporary indecision.
A strong volume breakout may confirm the next major move.
Recent hourly candles show long wicks near $108,000, signaling selling pressure.
Supportive candles around $106,000 show buying interest, maintaining current levels.
Bitcoin exchange-traded funds (ETFs) continue receiving strong institutional flows. On June 16, Bitcoin ETFs registered fresh inflows of $408.6 million, adding support to the market.
Over the past six months, exchange balances declined by 400,000 BTC as more investors hold Bitcoin off exchanges, reducing the circulating supply.
Geopolitical tensions in West Asia create both safe-haven demand and risk aversion. Bitcoin’s recent price swings reflect this mixed investor sentiment.
The United States continues adding Bitcoin to its Strategic Bitcoin Reserve, using seized BTC to build long-term holdings. This development supports Bitcoin’s recognition as a digital asset.
Short-Term Outlook
Sustaining above $106,361 may allow Bitcoin to retest $108,347 and attempt a breakout toward $110,415.
Closing above $110,000 may trigger further rallies toward $113,000–$115,000 in the coming sessions.
Failing to hold $106,361 may send Bitcoin back to $104,486 support.
Breaching $104,000 could open downside risk toward $102,693 or even the psychological $100,000 level if selling intensifies.
| Direction | Price Target | Condition | |
|---|---|---|---|
| Bullish Breakout | $110,415 | Needs breakout above $108,347 with volume | |
| Strong Rally | $113,000 – $115,000 | Sustained ETF inflows and bullish momentum | |
| Breakdown | $104,486 | Failure to hold $106,000 in support | |
| Extended Decline | $100,432 | Severe selling pressure below $104,000 |
Bitcoin holds inside a critical range where both bulls and bears wait for direction.
Institutional inflows and reduced exchange supply support a bullish bias.
Traders remain cautious due to global tensions and potential sudden market shifts.
Momentum remains positive while price stays above $106,000.
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Bitcoin trades near $106,881 on June 17, 2025, showing strong support around $106,000 while facing resistance near $108,000 and $110,000. Price action forms a tight consolidation range after recovering from recent lows.
Institutional buying through ETFs, on-chain supply shortages, and increasing official government holdings provide underlying strength to Bitcoin’s long-term trend. However, short-term fluctuations continue as global tensions influence risk appetite.
The current chart shows a balanced battle between buyers and sellers, with key levels clearly defined. Breakouts above or below the present range will likely set the direction for the next major move.
As long as Bitcoin holds the $106,000 zone, bullish momentum remains intact. A decisive move above $108,347 may open the path toward new short-term highs near $110,000 and beyond.