Analysis: Bitcoin price stabilizes, but it is unlikely to hit a new high before July
2025-06-20 16:02:35
The analysis pointed out that Bitcoin has rebounded by 10% since June 5, but the probability of breaking through a new high before July is only 16%. The on-chain data shows that the number of unpositioned squaring contracts continues to decrease, and there are obvious signs of liquidation drying up. The market is "cleaning up and chasing bulls". If it breaks through the resistance level of the 108,000 dollar, BTC is expected to enter the price discovery stage. The analysis believes that the Federal Reserve's stabilization of interest rates and the return of MVRV to the mean may be a positive signal.
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