📊 BTC trades at $101,500 (June 23), recovering 2.82% after dipping to $98,225 over the weekend. Despite the bounce, Bitcoin is still 10% below its ATH of $112,000, and key resistance levels may block a rally this week.
🧭 TPO charts highlight crucial levels: support at $99.8K, and resistance at $102.6K, $103.6K, $104.6K — all leading up to a major supply zone at $104.5K–$107.2K. Without breaking these, a push to ATH looks unlikely in the short term.
📉 The daily chart shows a bearish market structure, with consistent lower highs and lower lows since the $112K peak. The latest recovery above $100K shows demand, but the structure remains fragile unless bulls reclaim momentum.
⚠️ If BTC fails to hold $100K, downside targets include $93K, and possibly a bottom between $87.5K–$91.6K. The next 24–48 hours will be critical in determining trend direction.
📌 Bottom line: BTC is stuck in a tight range. A breakout above $105K is needed to revive ATH hopes — until then, caution rules the market.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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