Technical analysis by ScottMelker about Symbol BTC on 6/17/2025

Not much to see here – Bitcoin continues to range quietly between support at ~$100,700 and resistance at $112,000. Price is hovering just above the 50-day moving average, which has flattened out, signaling a pause in momentum rather than a directional shift.The recent higher low around $100,700 remains the key structural level to watch. As long as that zone holds, the bullish bias technically remains intact, but the lack of follow-through toward the highs suggests weakening momentum. Volume continues to decline, which is typical during sideways consolidation and often precedes expansion – but there's no sign of that happening yet.A breakout above $112K would likely trigger momentum buyers, while a breakdown below $100K could put $92,800 and even $88,800 back on the table. Until then, it's just rangebound chop – and patience is the only real trade.Nothing broken, nothing confirmed – just a waiting game for now.