Bitcoin at a Crossroads: Key Resistance Test Ahead

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·@hooiyewlim·
0.000 HBD
Bitcoin at a Crossroads: Key Resistance Test Ahead
![IMG_20250607_152435.jpg](https://images.hive.blog/DQmXJJDRY3qYcC4poMT2zhyLCruEvbPxnRBNNGReq1aKZgC/IMG_20250607_152435.jpg)




**Technical Analysis (4H Chart –BTC/USDT)**
**As of: \$105,074.55 (+1.79%)**

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### 1. **Trend Overview**

* Price has bounced strongly from the low of **\$100,372.26**.
* Current price is **testing the EMA(99)** (**\$105,230.97**) as resistance.
* Candle bodies are pushing above EMA(7) and EMA(25), showing **short-term bullish momentum**.

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### 2. **Key EMAs**

* **EMA(7):** \$104,434.93 → Turning upward, supports short-term bullish trend.
* **EMA(25):** \$104,459.08 → Crossed above recently, bullish signal.
* **EMA(99):** \$105,230.97 → Acting as **immediate resistance**.

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### 3. **Volume & Momentum**

* Volume peaked on the recent bounce; now **slightly declining**, suggesting **cautious buying**.
* **RSI(6): 62.89** → Momentum is strong but not overbought; room for further upside before hitting exhaustion.

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### 4. **Key Levels**

* **Immediate Resistance:** \$105,230.97 (EMA99), then \$105,702.86.
* **Support:** \$104,289.93 (recent minor low), and major at \$100,372.26.
* **Volume MA(5):** Lower than MA(10) → Shows **volume compression**, possible breakout brewing.

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###  Conclusion :

Bitcoin is staging a recovery and testing critical resistance. A breakout above **\$105,230** could trigger further gains, but failure to break may result in short-term consolidations.
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