Bitcoin: Where is it heading next week? 🔍📉📈

As we approach mid-June 2025, Bitcoin continues to attract the attention of investors and traders amid global market fluctuations and the digital economy. Over the past week, we have witnessed price movements between $67,000 and $71,000, amid liquidity volatility and market reactions to various economic and political news.

🔸 My outlook for Bitcoin this week:

Technically, the moving averages (MA) indicate that the price is facing strong resistance near $71,500, while finding good support at $67,000. If Bitcoin manages to break the resistance with strong trading volume, we could see a rise to levels of $73,000 - $75,000 during the week.

However, if it fails to hold the support, it may retest the areas of $64,500 - $65,000, especially if negative economic data is released or if there is a tightening in U.S. monetary policy.

🔹 Indicators I am monitoring:

Relative Strength Index (RSI): Approaching the overbought territory, which calls for caution regarding a potential correction.

Trading volumes: Still relatively weak compared to previous peaks, indicating traders' hesitation.

News: Any development related to the ETF file or new regulations could sharply drive the market.

✅ Summary:

The overall trend remains bullish in the medium and long term, but in the short term this week, we expect a sideways to upward movement provided that it holds above $67,000.