Categories: Technical analysis

Bitcoin Wave Analysis – 9 June 2025

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.

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.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: Bitcoin

Recent Posts

Forex has set its priorities

In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…

3 hours ago

Bear market rebound in crypto is likely to continue

Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…

4 hours ago

Coca-Cola Wave Analysis – 4 December 2025

Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…

18 hours ago

DraftKings Wave Analysis – 4 December 2025

DraftKings: ⬆️ Buy - DraftKings reversed from support zone - Likely to rise to resistance level…

18 hours ago

NVDA Wave Analysis – 4 December 2025

NVDA: ⬆️ Buy - NVDA reversed from support zone - Likely to rise to resistance level…

19 hours ago

Basic Attention Token Wave Analysis – 4 December 2025

Basic Attention Token: ⬇️ Sell - Basic Attention Token reversed from resistance level 0.2800 - Likely…

19 hours ago

This website uses cookies