Bitcoin prices have risen sharply over the past 24 hours, continuing to gain a positive momentum from recent bullish trends. The asset is currently trading above $107,000 after forming a strong support level.
Major Altcoins, such as Ethereum, which is priced at $2,500 at the time of writing, are all steadily increasing. XRP, Solana and Dogecoin are moving forward in the market today. The entire Crypto market has witnessed this growth. The total market capitalization reached $3.34 trillion, an increase of 1.65% over the time frame.
Bitcoin prices will revive above the head and shoulder neckline
Bitcoin prices bounce off the pivotal head and shoulder neckline, shaking away what appears to be a breakdown. Initially, prices fell under the neckline, causing concern among traders, but now it appears to be a false report or “trap”. With this recovery, Bitcoin is ready to earn more potential benefits, showing fresh bullish signs.
The fact that prices have risen at a significant level has made some traders feel more positive and hopeful, waiting for Bitcoin to rise further. As prices are above the neckline, bullish trends are still in place, and more profits will soon be visible.
#bitcoin is back on the track 🚀 #btc is back on the neckline of his head and shoulders. What seemed to be a breakdown was just a trap.
There’s more upside potential! pic.twitter.com/vexmyveqct
– June 9, 2025, Titan (@washigorira) from Crypto
Crypto analysts predict potential breakouts in BTC prices
Crypto analyst Captain Faibik emphasizes that Bitcoin prices are currently forming a descending wedge on the 4-hour chart.
This technical pattern suggests an increase in volatility as prices fluctuate within a wider range. An important level to look at is $105,700 resistance. This is because if you exceed this price, you will see a bullish breakout.
if Bitcoin This important resistance could surpass, and the breakout could mark the start of a new all-time high (ATH) of $111,970. The potential for upward movement is important, and analysts suggest that this breakout can drive Bitcoin prices towards a higher level.
$BTC forms a downward spreading wedge on the 4H chart.
Bulls must break resistance above 105.7k to confirm bullish breakout.
BREAKOUT = New ATH Road Coming Soon 🚀 #crypto #bitcoin #btc #btcusdt pic.twitter.com/yb1xry0hgd
– Captain Faibik🐺 (@cryptofaibik) June 9, 2025
How much will BTC prices be higher in June 2025?
Prices Bitcoin It is steadily rising and so far it is trading at $107,747.03. As of June 9, 2025, BTC had risen by 2%, indicating it was heading towards an upward trend. There are positive technical signs, and the market has risen to a point of resistance, giving this momentum.
Bitcoin Price It’s over $105,000 and could reach a strong resistance zone at $107,747. If the trend remains the same, the market will move to $110,000, $112,500, and ultimately break through $115K.
Source: TradingView
Currently, the relative strength index (RSI) is 67, indicating that the market is approaching the terms of the acquisition. The MACD indicator shows that a strong uptrend is ongoing. The histogram is still up, so we can expect positive movements in the near future. If Bitcoin falls below $100,000, traders need to prepare for the short-term slide trend.
