Technical analysis by Nova-Scalper about Symbol BTC: Buy recommendation (6/16/2025)

💎 BTC PLAN UPDATE (June 16)NOTABLE BITCOIN (BTC) NEWS:Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing signs of stabilization around key support levels following last week’s correction. BTC is attempting to regain momentum after closing below a critical support zone, while ETH and XRP are hovering near technical thresholds that could determine their next directional move.TECHNICAL ANALYSIS OUTLOOK:Bitcoin could decline further if it closes below the 50-day EMABitcoin closed below its daily support at $106,406 on Thursday, then bounced back after retesting the 50-day Exponential Moving Average (EMA) at $102,893 on Friday. BTC has since stabilized around the $105,000 level over the weekend. As of Monday, it continues to consolidate, trading near $105,788.If BTC fails to close above the $106,406 resistance level and heads lower, it may extend its decline toward the psychologically significant $100,000 level.The Relative Strength Index (RSI) on the daily chart is hovering around the neutral 50 mark, signaling indecision among traders. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator shows a bearish crossover on the daily chart, indicating selling pressure and a possible downtrend continuation.At this stage, whether you're new or experienced, it's wise to spend more time practicing, deepening your technical analysis knowledge, and exploring educational content shared on the [...] channel. Strengthening your foundation will help you protect your capital in this volatile environment.==> This analysis is for trend reference only. Wishing all investors successful trades!