Bitcoin (BTC) Price Prediction for June 21, 2025
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The Bitcoin price today is trading around $104,500, reflecting a narrow range following recent failed breakout attempts above the $108,000 zone. Despite brief spikes above key resistance, Bitcoin price action has remained capped below a declining trendline.
The current sideways movement has raised questions about why Bitcoin price going down today even with solid on-chain support and strong liquidity near $104,000.
What’s Happening With Bitcoin’s Price?
On the 4-hour chart, BTC remains trapped within a symmetrical triangle, bounded by $103,400 as support and $105,600 as resistance. The Bitcoin price has been consolidating below the 20/50/100 EMA cluster ($104,950–$105,792), while the 200 EMA at $106,672 continues to act as a strong ceiling. This compression is mirrored by shrinking Bollinger Band width and a falling ATR, indicating reduced Bitcoin price volatility.
The RSI sits at 44.4, showing mild bearish bias without being oversold. MACD is flat near the zero line with histogram bars tightening — a typical setup before …
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