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Source: TradingView & BingX
The 1-day chart for Bitcoin (BTC) against USDT, as of June 9, 2025, shows the real-time price at $105,480. The candlestick pattern over the past month indicates an uptrend that peaked around May 22, followed by a correction and a period of consolidation. The chart includes two moving averages: the 9-period MA at $104,862.4 and the 5-period SMA also at $104,862.4, both showing a slight upward tilt in the short term, suggesting a potential stabilization. The price is currently above these moving averages, reflecting a modest recovery attempt after recent declines.
At the current price of $105,480, Bitcoin is trading above the 9-period moving average (MA) and 5-period simple moving average (SMA) at $104,862.4, which are acting as support levels. The latest candlestick shows a green close at $ 105,511.50, indicating buying interest after a low of $ 105,208.00 earlier in the session. The price seems to be testing the recent high of $105,920.8, and the next few hours may clarify whether this recovery gains traction.
Overall, Bitcoin’s price remains below the long-term trendline that supported the uptrend through May, keeping the broader market in a neutral state with mixed signals. The recovery above the moving averages suggests some buyer support, but the inability to reclaim the high of $108,841.3 from late May indicates ongoing uncertainty. A sustained move above $105,920.8 could signal a potential reversal, while a drop below $104,862.4 might lead to further consolidation or a return to lower levels in the coming days.
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