Bitcoin Price Watch: Range-Bound Trading Masks Underlying Bearish Momentum
Jamie Redman
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Markets and Prices
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Bitcoin traded within a narrow intraday range between $103,832 and $105,218 on June 19, 2025, hovering at $104,929 per unit. With a market capitalization of $2.086 trillion and a 24-hour trading volume of $28.79 billion, the digital asset exhibited signs of indecision across key technical indicators and multiple chart timeframes.
Bitcoin
On the 1-hour chart, bitcoin showed a flat-to-bearish posture, forming a tight channel between $103,500 and $105,500. Price action displayed a bearish flag pattern, typically a continuation signal for downward movement unless invalidated by bullish volume. Thinning volume underscores market hesitancy, with an intraday scalp opportunity presenting near $103,500 targeting $104,800 to $105,000. A decisive breakout above $105,500, supported by volume, could trigger a short-term rally, while a breach below $103,000 would likely activate sell-side momentum with targets near the $100,000 mark.
Bitcoin Price Watch: Range-Bound Trading Masks Underlying Bearish Momentum
BTC/USD 1-hour chart via Bitstamp on June 19, 2025.
The 4-hour bitcoin chart illustrated a prevailing downtrend from a local high of $108,990 to a recent low of $103,388, followed by listless sideways trading. Lower highs and lower lows emphasize the bearish structure, and elevated sell-off volumes hint at institutional exit activity. Potential long trades require a breakout above $105,500 with increased volume, whereas failure to hold $103,000 support could open a path to test lower levels at $101,000 and $100,000, aligning with short-entry triggers.
Bitcoin Price Watch: Range-Bound Trading Masks Underlying Bearish Momentum
BTC/USD 4-hour chart via Bitstamp on June 19, 2025.
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