Bitcoin continued its volatile path on June 13, 2025, hovering around $104,888 to $105,149 over the past hour as of 9:15 a.m. Eastern time. With a market capitalization of $2.089 trillion and 24-hour trading volume reaching $51.975 billion, the leading cryptocurrency traded within an intraday range of $103,081 to $108,369, reflecting sharp intraday swings and persistent uncertainty.
Bitcoin Price Watch: Caution Ahead as Momentum Weakens Below Key Levels
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From a broader technical perspective, the daily chart reveals that bitcoin is experiencing a pronounced bearish divergence following a local high of $112,000 and a subsequent drop to $100,426. The price now appears to be setting lower highs and lower lows, a classical sign of a downward trend forming. Bearish volume increased during the recent downturn, suggesting firm selling pressure. Entry opportunities for short positions may emerge if the price retests the $108,000–$109,000 resistance zone without bullish conviction. For bullish sentiment to regain footing, a decisive move above $110,000 on increased volume would be required.
Examining the 4-hour chart, bitcoin recently broke down from $110,587 to a local low of $102,816 and is now consolidating slightly above $105,000. The breakdown was accompanied by a surge in bearish volume, hinting at a possible capitulation event. At present, bitcoin needs to reclaim $106,000 with conviction to neutralize bearish short-term pressures. Failure to do so may invite further selling, targeting $102,500. A rejection at $106,000 on low volume would signal an opportunity to short with tight risk control.
The 1-hour chart supports the cautionary tone, as bitcoin remains in a clear downtrend despite a modest bounce off $102,816. The muted buy-side volume on the recovery suggests weak bullish interest. A bullish scenario could emerge if the price sustains above $105,500 and forms higher lows, potentially targeting $107,000. However, a drop below $104,500 would invalidate short-term bullish setups and reopen downside risk.
Looking at oscillator indicators, most are flashing neutral signals, reflecting the indecisive nature of the market. The relative strength index ( RSI) is at 49, Stochastic stands at 60, and the commodity channel index (CCI) reads -66—all indicating a lack of clear directional momentum. The average directional index (ADX) at 17 suggests a weak trend, while the awesome oscillator at 1,671 also shows neutrality. However, the momentum oscillator at -329 and the moving average convergence divergence ( MACD) level at 995 both lean bearish, signaling that downside risk remains present.
The moving averages (MAs) offer a mixed picture. On the shorter-term horizon, both the 10-day exponential moving average (EMA) at 106,613 and the 10-day simple moving average (SMA) at 106,225 suggest a negative outlook. This bearish bias extends through the 20-day and 30-day EMAs and SMAs, except for the 30-day EMA at 105,091, which offers a lone bullish signal. In contrast, the 50-, 100-, and 200-day EMAs and SMAs are firmly bullish, reflecting a long-term upward trend that has yet to be broken. This divergence highlights the tactical tension between short-term corrections and a resilient macro uptrend.
Bull Verdict:
Despite recent corrective pressure, bitcoin retains its long-term bullish structure, underpinned by strong moving average support across the 50-, 100-, and 200-day intervals. A sustained break above $106,000 with volume would strengthen the case for a recovery toward $110,000 and beyond, particularly if momentum and MACD indicators begin to reverse their bearish bias.
Bear Verdict:
With momentum indicators turning negative and short-term moving averages aligning bearishly, bitcoin faces a heightened risk of continued downside. The inability to reclaim $106,000 resistance could lead to renewed selling pressure, pushing the price toward the $102,500–$100,000 support range, especially if volume continues to favor the bears.
