The Bitcoin price today is trading around $107,400 after a steady climb from the recent low near $99,500. Bulls have reclaimed critical ground above the $106,000 mark, but strong resistance zones just below $109,000 are beginning to pressure the current rally. As momentum slows and price action compresses, traders are eyeing a breakout or pullback in the coming 24 hours.
What’s Happening With Bitcoin’s Price?
Bitcoin has rebounded sharply off the $99,500 zone, breaking above the local trendline resistance and reclaiming support above the $104,000–$105,000 range. The daily structure remains bullish, with BTC back inside its ascending channel and currently testing the median line near $107,000. The price is inching closer to the pivot resistance at $109,870, followed by the R4 zone at $114,956 — both of which align with prior rejection points.
However, the daily supply zone between $108,000 and $110,000 continues to cap further upside. The current candle formation suggests indecision, and a failure to break and close above this range could set the stage for another consolidation leg. On the higher time frame, bulls still control the macro trend, but volume will be crucial for confirming continuation toward the $114K–$125K levels.
Why Is The Bitcoin Price Going Up Today?
The push higher is supported by key structural reclaim and liquidation data. The 4-hour chart confirms that Bitcoin price action held firm above $105,000, leading to short liquidation spikes as seen on the liquidation heatmap — where over $28.42 million in shorts were closed against $18.03 million in longs across exchanges on June 26. This short squeeze triggered the rapid move to the $107,000 zone.
On the 30-minute chart, RSI stands at 52.22 with the MACD histogram recovering into positive territory, showing mild bullish bias.
The VWAP and Parabolic SAR on this time frame also sit just below current price, suggesting that bulls still maintain short-term momentum. However, RSI is beginning to flatten, while the MACD line is still below the signal line — hinting at reduced strength heading into resistance.
Bitcoin Signals Show Divergence As Bulls Hit Ceiling
On the 4-hour view, Bitcoin price volatility is compressing beneath the upper Bollinger Band near $108,672. The candle spread is tightening as price sits between the 20 and 200 EMA, both of which are stacked positively but are now showing convergence — a common pre-breakout signal.
The Supertrend remains green above $104,448, reinforcing bullish structure, but the DMI shows falling ADX (15.24) and narrowing +DI/-DI, signaling weakening momentum.
Support remains well-established at $103,996, with the lower liquidity cluster near $99,515 offering stronger backing if a deeper pullback emerges. For bulls to retain control, Bitcoin must stay above $104,800 in the next 24 hours.
BTC Price Prediction: Short-Term Outlook (24h)
If Bitcoin price can close firmly above $107,600 and push past $108,800 with confirmed volume, the next upside target lies near $109,870, followed by $114,950. However, failure to clear the $108,600–$109,000 resistance zone could lead to a retracement back to $105,300 and then the $103,900 support area.
On the downside, a break below $103,500 would put pressure on the $99,500 base. With lower timeframes showing early signs of distribution and mixed RSI/MACD signals, Bitcoin may enter a short-term range unless a breakout resolves cleanly.
Bitcoin Price Forecast Table: June 28, 2025
Indicator/Zone | Level (USD) | Signal/Comment |
Resistance 1 | 108,672 | Upper Bollinger Band (4H) |
Resistance 2 | 109,870 | R3 Pivot Resistance |
Support 1 | 105,358 | EMA100 & lower band cluster |
Support 2 | 103,996 | Strong structural support |
RSI (30-min) | 52.22 | Neutral-bullish |
MACD (30-min) | Slightly Bullish | Histogram recovering |
VWAP (30-min) | 107,129 | Just below price, offering dynamic support |
Supertrend (4H) | 104,448 | Bullish trend intact |
DMI / ADX (4H) | Weak | ADX at 15.24, trend strength fading |
Bollinger Band Width | Tight | Volatility squeeze forming |
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