Bitcoin (BTC) is currently facing downward pressure, having fallen below an essential support level of $104,000, with short-term technical indicators hinting at a possible bearish trend continuation. As of now, BTC is priced around $103,829, reflecting a decline of over 2% in the past 24 hours.
Trading volume in the last 24 hours has spiked to $46.6 billion, indicating a return of volatility, although price movements remain uncertain.
On the 2-hour chart, Bitcoin is constrained below a descending trendline and has struggled to maintain the 50-period Exponential Moving Average (EMA) at $104,657. A bearish engulfing candle near the 0.236 Fibonacci retracement level at $104,028 was immediately followed by a drop into the $103,000 range.
The MACD momentum has shifted into negative territory, with diverging signal and MACD lines, indicating an ongoing sell-off.
Key Technical Levels:
- Resistance: $104,657 (EMA), $105,238 (Fib 0.5)
- Support: $103,000, followed by $102,499 and $101,437
- MACD: Confirmed bearish crossover
Should BTC close below $103K with significant volume, it may trigger further declines towards $100,451.
Semler’s $105K Bitcoin Bet Channels Institutional Assurance
While the short-term price movements seem cautious, institutional confidence in Bitcoin seems to be on the rise. Semler Scientific has disclosed intentions to increase its Bitcoin holdings from 4,449 to an impressive 105,000 by 2027, appointing BTC strategist Joe Burnett to lead this initiative.
BIG MOVE: Semler Scientific is fully committing to $BTC, looking to ramp up its holdings from 3,808 to a staggering 105,000 BTC by 2027!
—
BIG MOVE: Semler Scientific is fully committing to 
Their target is 10,000 BTC by the end of this year and 42,000 by 2026. With a staggering 287% yield, they’re riding the corporate Bitcoin wave! 
ChainGPT AI Agent (@ChainGPTAI) Despite a wider pullback in the cryptocurrency market on Friday, Semler’s stock surged by 14%, demonstrating investor optimism regarding long-term accumulation strategies. The firm has announced a goal to hold 10,000 BTC by 2025, possibly paving the way for more corporate treasuries to follow suit.
Though BTC appears mostly unaffected by this news, these longer-term indicators of demand could lay the groundwork for future price stability above $100,000.
Regulatory Concerns Surface as Fraud Results in ATM Crackdown
In Texas, a notable incident involving a Bitcoin ATM caught attention when a sheriff recovered $32,000 from a crypto machine to help recoup $25,000 stolen during a government impersonation scam. This event has sparked discussions about potential stricter regulations on Bitcoin ATMs.
— Cryptonews.com (@cryptonews) June 20, 2025
The Jasper County sheriff retrieved $32K from a Bitcoin ATM following a local scam, igniting a discussion on crypto privacy and enforcement strategies. In 2024 alone, cryptocurrency ATM fraud has led to losses of $246 million. While this doesn’t imply that Bitcoin is to blame, increased regulation could restrict retail access to crypto and reduce transaction volumes for a while.
On a broader scale, Fed Governor Christopher Waller noted that interest rate reductions could be possible as soon as July if labor markets weaken. Lower interest rates typically benefit risk assets like Bitcoin, yet BTC is currently waiting for more confirmation.
Summary:
- BTC trades close to $103.8K as MACD indicates bearish movement.
- Semler Scientific aims to obtain 105,000 BTC.
- Texas Bitcoin ATM incident sparks conversation about retail access.
- Speculation regarding Fed rate cuts grows, but BTC remains stable.
As volatility increases, traders are closely monitoring the $103,000 mark. A drop below this level could lead to retests of $101,437 or even $100,451.
Best Wallet ($BEST): Innovative Crypto Storage and Access
Best Wallet is emerging as a top crypto platform, merging top-notch security with easy access to early-stage tokens. It’s available on both Google Play and the App Store, supporting over 1,000 cryptocurrencies and incorporating Fireblocks’ MPC-CMP security protocol as its first wallet integration.
A standout feature is the Upcoming Tokens page, which lets users buy presale tokens directly through the app—no need for wallet connections or external sites. This secure, no-KYC environment is perfect for both newcomers and experienced investors.
The $BEST token fuels the ecosystem, providing benefits like lower transaction fees, enhanced staking yields, early project access, and governance rights. Users can also earn through in-app quests and airdrops.
Having raised over $13.45 million, the presale is gaining traction with the current price at $0.025205. Secure your $BEST allocation before the next price increase, and gain early access to a wallet that’s transforming how crypto enthusiasts and investors engage with digital assets.
The post Bitcoin Price Analysis: Volatility Increases – Key Technical Levels for Traders appeared first on Cryptonews.
