The current price of Bitcoin is testing the patience of investors as it remains around the $100,000 mark. Analysts have pointed to June 22, 2025, as a significant date that could lead to increased volatility in the cryptocurrency market. This prediction is supported by historical volatility trends and technical indicators, suggesting that this date could mark a pivotal moment for Bitcoin's price movements.
As Bitcoin trades above $100,000, it is entering a crucial phase. Technical signals identified by TradingView expert ‘readCrypto’ indicate that June 22 is a key date for potential volatility. Analysis of the charts reveals this date as the anticipated beginning of a new volatility window, with the likelihood of either a breakout or breakdown depending on the cryptocurrency's response to critical support and resistance levels.
At present, Bitcoin is valued at $104,731, positioned near an important confluence zone between $104,463 and $106,133, which has been identified as a structural midpoint. This area is defined by the DOM (60) and a Heikin-Ashi high point, establishing a recent upper boundary. The lower end of this range is around $99,705, marking the HA-High support level, which has previously been tested but remains intact.
The significance of June 22 is further emphasized by its alignment with key price levels coinciding with the M-Signal indicator on the weekly chart. This indicator is currently on the rise and is positioned near the $99,705 HA-high level. A drop below this level could indicate the beginning of a more substantial corrective phase, potentially targeting the monthly M-Signal line or the $89,294 region, which corresponds to the 2.618 Fibonacci level. Conversely, if Bitcoin manages to stay above this support and breaks through the resistance at $108,316, it could signal a return to upward momentum. Analysts are eyeing bullish targets near $109,598 and $111,696, indicating the last resistance zone before reaching new highs.
Beyond the volatility projections from readCrypto, the Bitcoin chart analyzed by the TradingView expert shows that the On-Balance-Volume (OBV) oscillator remains below the zero line, suggesting that selling pressure continues to dominate the market despite recent gains. However, the histogram indicates diminishing momentum on the selling side.
This divergence matches Bitcoin's declining Stochastic Relative Strength Index (RSI), which suggests that momentum may be losing strength. Low OBV readings combined with a recent rebound from a lower support range highlight a tense standoff in the market. Should Bitcoin fall below the Heikin-Ashi high point at $99,705, a retest of new lows around $89,294 becomes increasingly likely. Until then, readCrypto's analysis indicates that attention remains focused on the $104,000 to $106,000 range, which defines the upper boundary of consolidation. A confirmed breakout from this range, especially during the June 21-23 timeframe, could determine the next major movement for Bitcoin.
