Tuesday, 02 January 2024 12:17 GMT

Bitcoin Wave Analysis 9 June 2025


(MENAFN- FxPro)

Bitcoin: ⬆️ Buy

– Bitcoin broke daily down channel

– Likely to rise to resistance level 110,000.00

Bitcoin cryptocurrency recently broke the resistance trendline of the daily down channel from May (which encloses the previous ABC correction 2 from the end of May).

The breakout of this down channel accelerated the active minor impulse wave 3 of the intermediate impulse wave (3) from the start of April.

-p src=/wp-content/themes/fxpro_news_2025/assets/images/etf/820x312_ETF_2_uk_75_eng.png>

Given the clear daily uptrend, Bitcoin cryptocurrency can be expected to rise to the next resistance level 110,000.00 (which reversed the price in January and May) – the breakout of which can lead to further gains toward 115000.00.

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