Technical analysis by InvestingScope about Symbol BTC: Buy recommendation (6/17/2025)

Bitcoin has turned neutral again on its 1D technical outlook (RSI = 45.783, MACD = 629.200, ADX = 20.857) and is about to get bearish as it hit its 1D MA50 today, erasing the gains of the last 3 days. The 1D MA50 has held two times since June 5th and another one might be what Bitcoin needs to justify the next rally. Besides this however, we got a heavier Support on the P1 trendline, which on the previous ATH (Dec 17th 2024) was a Resistance and since May 12th 2025 it turned into Support. Technically, as long as 100,000 holds, we expect a strong rebound into August that may repear the inverse of December 2024 - March 2025 (-31%) and rise by +31% (TP = 132,000).## If you like our free content follow our profile to get more daily ideas. #### Comments and likes are greatly appreciated. ##