Bitcoin & Crypto Price Update June 2025 Week 24

by Scott Emick with help from chatGPT
6/9/2025

Here’s your updated crypto price report 🌐
Overall Bitcoin price is the same as last report, alts are down moderately.

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🪙 Bitcoin (BTC)

🔍 Fundamentals

• Recently hit a record high above $110k supported by institutional buying (e.g., Morgan Stanley via E*Trade, MicroStrategy adding $765M) and stablecoin regulatory progress  .
• Awaiting important U.S. economic data (inflation, interest rates), which may impact market sentiment  .

📈 Technical

• Near-term resistance sits between $105,150–105,290, with short-term support at $104,534 and $103,983  .
• A “golden cross” (50-day MA over 200-day MA) suggests bullish momentum, though a rising-wedge pattern implies a reversal risk  .
• Watch levels:
  • Resistance: $105k, then psychological $110k, then $120k  .
  • Support: $107k, $100k, and deeper at $92k–85k  .
• Momentum indicators are mixed, but moving averages lean bullish  .

💡 Strategy

• Long-term investors: current fundamentals remain strong. Consider dollar-cost averaging (DCA) on dips near $100k–$92k.
• Short-term traders: monitor for a breakout above $110k – target $120k, but be cautious of wedge failure signalling a drop toward $92k.
• Check out Vivek‘s Twitter(X) post $10,000,000,000 worth of #Bitcoin shorts to be liquidated at $115,000

Vivek

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🛡️ Monero (XMR)

🔍 Fundamentals

• Strong product development (Monerod GUI), high developer and brand activity, but regulatory delistings in some regions remain a concern  .
• Sentiment indicators (funding rates, open interest) show long positions at levels preceding past 50% rallies  .

📈 Technical

• Broke a multi-year resistance trend and ascending channel; recent breakout above former resistance zone ($133–$290)  .
• Key levels:
  • Support: $232–$220
  • Resistance targets: $242, then $278–$290 .
• XMR/BTC ratio has formed a classic “double bottom,” indicating bullish shift  .
• Short-term chart suggests caution; RSI hovering ~50, MACD around neutral  .

💡 Strategy

• Position traders: consider buying near $232–$220, with profit targets at $278–$290.
• Risk management: stop-loss if price falls below $220–$232.

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⚙️ Solana (SOL)

🔍 Fundamentals

• Participating in innovation events (e.g., London Startup Village)  .
• Macroeconomic pressures (geopolitical risk, bond yields) affecting risk-asset appetite  .

📈 Technical

• Recent rebound from $147.13 double-bottom base  .
• Chart levels:
  • Support zones: $147–$144, then $140  .
  • Resistance: $152.85, then $158–$164, and higher at $180–$200  .
• Short-term indicators: RSI ~41, ADX strong trend (~41), slightly bearish today but long-term moving averages remain bullish .

💡 Strategy

• Buy-the-dip around $147–$144, with short-term targets near $153, then $158–164.
• Aggressive bulls may aim for $180, but watch for reversal if price falls below $144–$140.

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💧 XRP (Ripple)

🔍 Fundamentals

• Ripple won a key legal victory; active institutional engagement (XRPL Japan/Korea fund), boosting adoption news  .
• XRP holdings in escrow and strategic moves (e.g. in Singapore) suggest growing utility  .

📈 Technical

• Currently trading near $2.25, having cleared a downtrend and tested $2.14 breakout level  .
• Support/resistance:
  • Support: $2.18–$2.20, $2.00, $1.76 .
  • Resistance: $2.27–$2.30, then $2.50–$2.73 .
• Chart patterns: Breakout from falling wedge; RSI/MACD slightly bullish, but still trading below 200-day MA  .

💡 Strategy

• For swing traders: consider entries near $2.20, targeting moves to $2.30, then $2.50.
• Long-term investors: monitor breakout above $2.50–2.60 to confirm bullish trend. If it fails, a retest of $2.00–1.76 is possible.

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🧭 Summary Table

Asset	Buy Zone	Target Range	Stop/Loss
BTC	$100k–92k	$120k+	<$100k
XMR	$232–220	$278–290	<$220
SOL	$147–144	$158–164 (>$180)	<$144
XRP	$2.20	$2.30–2.50	<$2.18

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✅ Final Investing Takeaways

1. Balance fundamentals and technicals: Each asset shows promising setups with macro tailwinds.
2. Layer into positions: Use DCA near support levels to reduce entry risk.
3. Set clear triggers: Define entry, exit, and stop-loss based on support/resistance levels.
4. Risk management first: Never risk more than you’re willing to lose; crypto is volatile.
5. Stay alert to macro and regulatory news, especially Fed data, geopolitical shifts, and crypto regulation.

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This is not investment advice, do your own research!