Technical analysis by NoFomoCharts about Symbol BTC on 6/23/2025

Bitcoin (BTCUSDT) price is currently testing the resistance zone of $105,000 to $110,000 (yellow lines). A morning star candle pattern has formed above the 100 ema (orange line), which is also $100,000 price support. Some bullish momentum is forming on the MACD Histogram, however, Bitcoin is still technically in a short-term downtrend for the past 30 days. Bitcoin price needs to create a new uptrend on the daily chart, a series of higher-highs and higher-lows in the price, which could take several months. At this time, Bitcoin is still reacting to global news and stock market correlations.Resistance levels: $106,000, $108,000, $110,000, $112,000. Support Levels: $100,000, $98,000, $95,000, $90,000.