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Coin Edition 2025-06-23 06:18:57

Bitcoin Price Prediction: Can BTC Reclaim the $103K Level After Sharp Rebound?

Bitcoin Price Prediction: Can BTC Reclaim the $103K Level After Sharp Rebound?

The Bitcoin price today is trading around $101,530 after recovering sharply from a deep selloff that sent the asset below the $99,000 mark. BTC price dynamics (Source: TradingView) This bounce aligns with the lower boundary of a multi-month ascending channel, reinforcing the technical importance of the $99,250–$100,000 region as a strong macro support. However, the price is now approaching dense EMA resistance zones near $102,800–$104,500, raising questions about the sustainability of this rebound. What’s Happening With Bitcoin’s Price? BTC price dynamics (Source: TradingView) BTC staged a strong intraday rally from a low of $98,600 back to above $101,000, printing a bullish engulfing structure on the 4-hour chart. This move occurred just as Bitcoin touched the lower Bollinger Band and the channel support on the daily timeframe. BTC price dynamics (Source: TradingView) Price is currently facing resistance at the 20 and 50 EMAs clustered between $102,376 and $103,861. The 100 EMA near $104,773 marks the next upside ceiling, with the Supertrend line still flashing red at $103,712. Unless BTC closes above this cluster, bullish continuation remains… The post Bitcoin Price Prediction: Can BTC Reclaim the $103K Level After Sharp Rebound? appeared first on Coin Edition .

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