June 16, 2025
Bitcoin again punched $ 107,000 and prepared for growth thumbnail
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Bitcoin again punched $ 107,000 and prepared for growth

As of June 16, the price of the first cryptocurrency exceeded $ 107,000 despite the geopolitical stress between Iran and Israel. From June 13, the BTC rate ranged within $ 104,000-105,000. Bitcoin is currently traded at $ 107 150. The asset has risen by ~ 1.6%per day, by 1.4%per week. The BTC/USD Binance Exchange Graph. Data: TradingView. Fear index […]”, – WRITE: Businessua.com.ua

Bitcoin again punched $ 107,000 and prepared for growth - Infbusiness

As of June 16, the price of the first cryptocurrency exceeded $ 107,000 despite the geopolitical stress between Iran and Israel. From June 13, the BTC course ranged from $ 104,000-105,000.

Bitcoin is currently traded at $ 107 150. The asset has risen by ~ 1.6%per day, by 1.4%per week.

Bitcoin again punched $ 107,000 and prepares for growth-Infbusiness

The BTC/USD Binance Exchange Graph. Data: TradingView.

The fear and greed index is at 61.

SNIMOK-EKRANA-2025-06-16-102844-1

Data: Alternative.

Traders see in the current phase of consolidation preparation for a new stage of growth, not completion of the bovine cycle.

The Nick Analyst Trader Tardigrade recorded the formation of Ascender Broading Wedge on a weekly graph, which he could bring BTC up to $ 170,000.

#Bitcoin is trender upward in an ascending Broading Wedge 🔥
This Pattern Has Recently Formed For Weeks and Is Expert to Reach $ 170k Levels 🚀 $ Btc Pic.twitter.com/q6euhy7wmf

– Trader Tardigrade (@tatrader_alan) June 15, 2025

At day timeframe, trader found the Golden Cross-the intersection of the 50-day and 200-day sliding medium. In the past, this has led to a significant increase in the course.

#Bitcoin 50 SMA AND 200 SMA FORMED A GOLDEN Cross 🔥
This Signal Has Boosted $ BTC by 49%, 125%, and 68%Since 2023 WHENEVER IT HAS OCCURRED.
If $ BTC Experiences ITS WORST AND BEST GAWS from this Point, It Could Reach $ 152k and $ 229k.
These Targets Are Reasonable Given the Recent … pic.twitter.com/pgeinfxphe

– Trader Tardigrade (@tatrader_alan) June 14, 2025

“Since 2023, this signal made a profit of 49%, 125%and 68%. By analogy, the price can reach $ 152,000 or even $ 229,000, ”he explained.

The Merlijn trader noted the appearance of the classic figure “Inverted head and shoulders”. According to him, the break of the neck line at $ 113,000 will open the way up to $ 140,000+.

Inverted Head & Shoulders On $ BTC

LEFT SHOULDER
Head ✅
Right Shoulder Loading…

Breakout Target? $ 140k+
Neckline at $ 113k is the only Thing Standing in the Way.

Patience Now is Profits Later. pic.twitter.com/w67wckf8dy

– Merlijn The Trader (@Merlijntrader) June 15, 2025

“The purpose of the breakthrough is over $ 140,000. The only one that interferes with is the neck of $ 113,000,” he commented.

Recall that June 9, BTC has already risen above $ 107,000 against the background of ETF and riots in the US. On June 13, the price dropped to $ 103 639 because of the exacerbation of the conflict between Israel and Iran.

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