Technical analysis by joerivdpol about Symbol BTC: Buy recommendation (6/8/2025)

📊 BTC Daily Chart Price bounced cleanly off the 0.236 Fibonacci retracement at $104.6 and is now pressing into local resistance. – Heikin Ashi candles turned green – RSI is curling upward – MACD remains weak, no confirmation yet Key levels: → Break above $106.3 could open the way to $112K → Drop below $104.6 puts $100K back in play 📅 All eyes on tonight’s weekly close. A candle close above $106K would confirm strength into next week.📊 BTC 4H Chart Bullish momentum accelerating into diagonal resistance around $106.3. RSI rising with room to run; MACD just crossed up. Price trades inside a rising channel after reclaiming $101.75 support. Break → $108.3 / $112K Rejection → $104.6 retest Weekly close tonight could seal the direction.📊 BTC Weekly Chart Price rejected at ~$106.3, the local top of the rising channel and key horizontal resistance. – RSI at 66 → approaching overbought, but no divergence – MACD trending higher with solid momentum – Heikin Ashi candles remain green and rising Structure remains bullish as long as $100K holds. Weekly close above $106K would confirm continuation toward $112K and beyond. Key support: $100K Key breakout level: $106.3📆 BTC Monthly Chart Momentum remains strong with consistent green Heikin Ashi candles and a clear uptrend channel. – TD Sequential count: 6 green bars, no exhaustion yet – RSI at 75.9 → overbought, but stable – MACD remains strongly bullish with wide spread and rising histogram Price is riding the upper trendline of the long-term channel. Break and monthly close above $108K would position BTC for a new ATH run. Current structure remains bullish unless price breaks below $92K on a monthly close.