Bitcoin is currently hovering around the $107,000 level and is trading within a descending channel on the lower timeframes. After bottoming out at $74,500 in early April, the price saw a strong rally and maintained consistent upward momentum for several weeks. The rally peaked on May 22, just shy of $112,000, and since then, Bitcoin has been pulling back within a short-term downtrend. Despite this correction, the overall structure still leans bullish, and a breakout from this structure could be on the cards in the coming days. Below is the latest Bitcoin Daily Price Prediction for June 27, 2025. Lets have a look:

Analyzing the Charts

On the 4-hour timeframe, Bitcoin continues to follow a clear downtrend, repeatedly facing rejection near the top of the descending channel. This pattern has held for several days now, and unless we see a strong breakout, the trend is likely to persist in the short term. Given this setup, there’s a high probability that Bitcoin will retest the lower boundary of the channel before attempting another bounce.

Switching to the 1-day timeframe gives a better perspective on the broader trend. What looks like a descending channel on the lower timeframes is actually shaping up as a bullish flag on the daily chart. This pattern typically signals continuation, suggesting that while the price may dip further in the short term to retest the lower end of the flag, the larger trend remains intact. If the structure holds, Bitcoin is likely gearing up for another leg to the upside in the days ahead.

On the daily timeframe, the key zone to watch lies between $110,000 and $112,000. This range is acting as strong resistance, as it’s where Bitcoin previously topped out and has faced repeated rejections. If the price manages to break out of the bullish flag, this is the first major hurdle it will need to clear. A decisive move above this resistance zone could confirm a continuation of the broader rally.

The resistance zone could slow down or temporarily stall the breakout, but if strong buying volume steps in, the bullish flag pattern points to a potential target near the $140,000 level. While that may seem like a stretch at first glance, the target aligns with standard flag breakout measurements, where the projected move typically mirrors the height of the flagpole.

That said, the resistance between $110,000 and $112,000 remains strong, and the breakout might not happen as quickly as expected. There’s also a chance that Bitcoin continues to move sideways within the descending channel on the lower timeframes. If consolidation continues over the next few weeks, we could see further downside in the short term. The first support level to watch is around $92,500, which has previously acted as both resistance and support for Bitcoin. In the case of strong rejection at $110,000 to $112,000 region we will likely see quite consolidation for a while.

Final Takeaway: What’s Next for Bitcoin (BTC)?

Bitcoin is trading near the $107,000 level and is moving within a descending channel on the lower timeframes. While the short-term trend looks bearish, the larger structure is still forming a bullish flag on the daily chart. If the price breaks above the $112,000 resistance zone with strong volume, we could see the uptrend continue towards the $140,000 target. However, if the price keeps consolidating, we’ll be watching the $92,500 support level closely. For now, we’re staying patient and will wait for a clear breakout before making any moves.

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