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. BTC price forecast (Source: TradingView) 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? BTC price forecast (Source: TradingView) 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. BTC price forecast (Source: TradingView) 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 … The post Bitcoin (BTC) Price Prediction for June 21, 2025 appeared first on Coin Edition .
