Technical analysis by TradeSelecter about Symbol BTC on 6/14/2025

Technical Analysis and Outlook:Throughout the past week, Bitcoin has exhibited considerable volatility. After reaching a peak at the first Mean Resistance level of 109500, the cryptocurrency experienced a significant decline. Nevertheless, on Friday, Bitcoin demonstrated a notable recovery, ascending to a newly established resistance now designated as the new Mean Resistance level marked at 110300.At this juncture, Bitcoin is retracing downward as it retests the initial Mean Support level of 104000 while aiming to target the Mean Support at 101500 and the ultimate Inner Coin Dip at 96500. It is essential to recognize the potential for an upward rally from the Mean Support levels of $ 104,000 and/or $ 101,500, which could culminate in a retest of the Mean Resistance level of $ 110,300.