On June 19, 2025, Bitcoin is trading at $104,728, experiencing a 0.01% decrease from the previous close. The intraday high reached $105,343, while the low was $103,795. This follows a 4.4% decline over the past week, sparking concerns about a potential price crash.
However, on-chain data suggests the dip may be nearing its end. Crypto analyst CryptoGoos noted weakening selling pressure, with buy orders increasing. Analyst Titan of Crypto pointed to a potential bullish pennant forming on the daily chart, with the next move possibly hinging on the upcoming FOMC meeting.
Trader Merlijn The Trader shared a bullish outlook, noting the MACD indicator flipped green on the weekly chart. Analyst Ali Martinez highlighted a critical support level at $102,044, warning that a fall below this could lead to a drop to $82,570. Fresh data also shows Bitcoin trading volumes hitting multi-year lows across major exchanges.