Bitcoin Price Watch: Momentum Weakens as Volume Falls Across Timeframes
Bitcoin traded between $107,029 and $107,290 in the last hour on June 12, 2025, with a market cap of $2.13 trillion and a 24-hour trading volume of $34.26 billion. The intraday price range spanned from $107,029 to $110,269, signaling a volatile session marked by bearish tones across short- and medium-term timeframes.
Bitcoin
The 1-hour chart shows an extended intraday downtrend, with bitcoin falling sharply since June 11. Bearish momentum prevails, characterized by extended red candles and insignificant relief rallies. Support is precariously located at $107,229, while resistance is clearly at $108,000. Notably, the relative strength index (RSI) is neutral at 55, but the price action suggests that the bears are in control, as evidenced by the spike in volume during the decline. The momentum oscillator shows selling pressure at 1.392, while the moving average convergence divergence (MACD) at 1.343 also signals further downside.
Bitcoin Price Watch: Momentum Weakens as Volumes Drop Across Timeframes
BTC/USD 1-hour chart via Bitstamp as of June 12, 2025.
On the 4-hour chart, bitcoin recently peaked at $110,587, forming a textbook blowout top. Lower highs and subsequent lower lows define the corrective phase, with failed rallies being immediately sold off. Resistance is firmly established between $108,000 and $109,000, making it a key area to watch for short-term traders. The Stochastic Oscillator at 82 reflects overbought conditions, reinforcing the bearish signal. The bearish bias remains intact until bitcoin convincingly reclaims $109,000 on increasing volume.
Bitcoin Price Watch: Weakening Momentum as Volume Declines Across Timeframes
BTC/USD 4-hour chart via Bitstamp as of June 12, 2025.
The daily BTC/USD chart reflects broader hesitation in market sentiment following the rejection from the $112,000 resistance level. The bearish engulfing pattern signals a sharp decline, while the smaller bodied candles with long wicks highlight the ongoing tug-of-war between the bulls and the bears. Support is expected to hold at $102,000. Moving averages provide a bullish backdrop, with all the important simple and exponential moving averages from the 10-period to the 200-period indicating bullish signals. However, neutral readings from the RSI, the Commodity Channel Index (CCI), the Average Directional Index (ADX), and the Awesome Oscillator have tempered the bullish outlook, suggesting a wait-and-see approach until a breakout from the current consolidation.
Bitcoin Price Watch: Momentum Weakens as Volumes Decline Across Timeframes
BTC/USD 1-day chart via Bitstamp as of June 12, 2025.
On the oscillators, the technical sentiment is mixed. The RSI at 55 and the CCI at 41 are both neutral, indicating a lack of momentum in either direction. Meanwhile, the MACD and Momentum indicators signal selling pressure, while the Stochastic shows overbought conditions. The ADX, reading 17, confirms a weak trend. The Awesome Oscillator at 2.106 also remains neutral. This divergence between the instruments underscores caution, with no definitive trend alignment and the oscillators hinting at a possible reversal or further drift.
Moving averages (MAs), however, paint a more constructive picture. All major exponential moving averages (EMAs) and simple moving averages (SMAs) – from the 10-period to the 200-period – are aligned with the buying side. The 10-period EMA and SMA are at $107,224 and $106,412 respectively, both well above the current price, suggesting short-term bullish support. Long-term moving averages such as the 200-period EMA at $92,442 and the SMA at $95,524 highlight the sustained bullish trend over the past few months. This divergence between the moving average and oscillator data encapsulates the current market phase: long-term strength amid a short-term correction.
Bull Verdict:
If bitcoin can reclaim the $109,000, $110,000 region with increased conviction and volume, especially on the 4-hour and daily charts, it will signal a strong bullish continuation. Combined with the consistent bullish signals from all the major simple and exponential moving averages, such a breakout could re-establish bullish momentum towards a retest of the $112,000 resistance and potentially setting a new yearly high.
Bearish Verdict:
A sustained rejection below $108,000 and a decisive break below the $107,000 support would confirm the continuation of the current short-term downtrend. With multiple oscillators such as MACD, Stochastic and Momentum flashing sell signals