Bitcoin (BTCUSD) is currently trading near $107,800, showing signs of short-term bearish momentum following a period of volatility over the past 24 hours. The 30-minute chart from TradingView reflects a descending price pattern and key signals from Bollinger Bands, Exponential Moving Averages (EMAs), and candlestick patterns. This article covers an in-depth Bitcoin price analysis today with realistic 30, 60, and 120-minute targets and stoploss levels based on technical and fundamental inputs.
Technical Overview: Indicators & Candlesticks
1. Candlestick Pattern Observation:
Recent candles exhibit multiple long upper wicks near the resistance zone of $109,300-$109,700, indicating seller dominance at higher levels. A strong red candle broke below the middle Bollinger Band, forming a bearish engulfing pattern — a classic sign of short-term trend reversal.
2. Bollinger Bands (BB):
Price has pierced the lower band, signaling potential oversold conditions, but not yet confirming a reversal. BB values show:
- Upper Band: $109,727.82
- Lower Band: $107,475.62
Price is hovering near the lower band, reflecting high volatility and possible breakdown risk.
3. Exponential Moving Averages (EMA 20/50/100/200):
- EMA 20: $108,542.07
- EMA 50: $108,850.85
- EMA 100: $108,530.36
- EMA 200: $107,604.25
BTC is trading below EMA 20/50/100, indicating bearish control. EMA 200 near current price is the last support line — a break below could fuel deeper sell-offs.
Market Sentiment and News Drivers
- US CPI and interest rate expectations: Recent hawkish tones from the Fed hint at persistent inflation, reducing investor risk appetite across cryptocurrencies.
- ETF inflows slowing down: BlackRock and other institutions witnessed reduced net inflows into BTC ETFs, signaling caution.
- Bitcoin whale wallet activity: Several large wallets moved BTC to exchanges, often considered a bearish signal.
Bitcoin Price Prediction (12 June 2025)
Target Forecast Based on Chart Analysis:
Next 30 Minutes:
- Target: $108,200 (mild bounce expected if EMA 200 holds)
- Stoploss: $107,600 (if EMA 200 fails)
Next 60 Minutes:
- Target: $108,590 – upper minor resistance from BB midline
- Stoploss: $107,500
Next 120 Minutes:
- Target: $109,150 (retracement to upper range)
- Stoploss: $107,300 (major support breach scenario)
These targets are based on the assumption that price will defend the $107,500-$107,600 range and stage a relief bounce. However, sustained selling volume or a break below $107,300 could trigger a trend continuation to $106,800 or lower.
Why These Targets Make Sense
- EMA 200 test: Price is flirting with this dynamic support. History shows BTC often attempts a short-term bounce here.
- Oversold Bollinger Band: Traders often look for short bounces when price reaches the lower BB in a ranging market.
- Lack of volume on downside: Volume is not extreme, suggesting panic selling has not yet begun — still a controlled pullback.
Final Thoughts: What Traders Should Watch
- Any hourly close below $107,500 could accelerate downside.
- A close above $108,600 would flip short-term sentiment bullish.
- RSI on higher timeframes near 40 — a neutral-to-bearish signal.
Conclusion
In conclusion, Bitcoin is at a critical juncture. While short-term bounces are possible, continued pressure from global macroeconomic conditions and technical breakdowns below key EMAs could drive further declines. Conservative traders should wait for confirmation near the $107,500 zone.
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