Technical analysis by DollarsMagnet about Symbol BTC: Buy recommendation (6/16/2025)

BTCUSD has successfully broken out of its descending trendline, signaling a shift in market structure from bearish to bullish. After the breakout, the market completed a healthy retracement and is now pushing upward again. Price has reached a key resistance zone around 107,000, which is acting as a major decision point.If BTC can break and hold above this resistance, we could see a strong bullish continuation. Buying volume is increasing, showing strong interest from bulls. On the downside, there’s a strong support level at 101,500, which is holding the current structure firmly.Our technical target levels on a confirmed breakout are 110,200 and 111,500. Keep an eye on price action and volume around the resistance zone for confirmation.Like, comment, and follow for more real-time analysis and trade updates. Let’s grow the DollarsMagnet community and navigate the markets together with smart, strategic insights.