BTCUSD Analysis: Bitcoin Reverse its Short-term Downtrend

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the BTCUSD for June 17th, 2025.

Fundamental Analysis of BTCUSD

BTCUSD Key Takeaways

• Israel-Iran conflict: The situation in the Middle East may not escalate further, and investors’ concerns have eased. Driven by optimism, Bitcoin rose nearly 4%, recovering the losses since Israel attacked Iran last week.
• Continued inflow of institutional funds: Strategy has bought $1.05 billion worth of Bitcoin in the past seven days. This is the third consecutive week that the cryptocurrency fund management company has used preferred stocks instead of common stocks to finance the purchase of Bitcoin.

Technical Analysis of BTCUSD

BTCUSD Daily Chart Insights

• Stochastic oscillator: The stochastic indicator at the bottom shows that the %K line (blue) has crossed the %D line (red) upward, forming a golden cross signal, and both lines are currently running upward in the middle area and have not yet entered the overbought area. This shows that the upward momentum of the market is increasing in the short term, supporting the price to further test the upper resistance.
• Downward trend line: The overall Bitcoin daily chart is in an upward trend, and the EMA moving average system provides good support. The focus of the market outlook is whether the price can successfully break through the current downward trend line suppression and the previous high resistance of $111,000-111,500. If it can break through effectively, the upward space is expected to open up further, and the bullish trend will continue.

BTCUSD 2-hour Chart Analysis

• Stochastic oscillator: The indicators have entered the overbought area above 80, and the two lines are still running upward, showing strong short-term buying momentum. However, the indicator is in a deep overbought state, which also suggests that if the price encounters resistance in the current key resistance area, the risk of a short-term correction or consolidation is increasing.
• Support price: If the price is blocked and falls back, the initial support can focus on the purple 13EMA. The lower support is the lower track of the rising channel (currently around $105,000-105,500) and the green 200EMA (around $106,000). If the lower track of the channel is lost, it is necessary to pay attention to the support of the previous important low of $103,000.04.

BTCUSD Pivot Indicator

• According to the trading central in Ultima Markets APP, the central price of the day is established at 106020,
• Bullish Scenario: Bullish sentiment prevails above 106020, first target 108770, second target 109550;
• Bearish Outlook: In a bearish scenario below 106020, first target 104710, second target 103920.

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Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.