Bitcoin price consolidates around USD 19,000 against the USD. BTC appears to be developing a short-term bullish pattern and could rise to $20,000. Bitcoin is working to speed up the pace of breaking through $19,200. Prices are below $19,400 and the 100-hour simple moving average.

2025/06/2103:31:34 hotcomm 1060

Bitcoin price consolidates around USD 19,000 USD. BTC appears to be developing a short-term bullish pattern and could rise to $20,000.

Bitcoin is working hard to speed up the pace of breaking through $19,200.
priced below the $19,400 and the 100-hour simple moving average.
On the hourly chart of the BTC/USD pair, there is a new link bearish trend line forming with resistance around $19,200 (data from Kraken).
Unless there is a significant drop below the $18,950 level, the pair may start a new rise.

Bitcoin price remains within a range

Bitcoin price trading range below the $20,000 resistance zone. BTC even fell below the $19,500 and the 100-hour simple moving average.

The last swing low formed around $18,860 before a slight upward correction occurred. Prices were able to clear the 23.6% Fibonacci retracement level from the $19,560 swing high to the $18,860 low. The bulls even pushed the price higher than $19,200.

However, shorts are active above $19,200. Bitcoin price is difficult to clear the 50% Fibonacci retracement level from the $19,560 high to the $18,860 low.

now trades below the $19,400 and the 100-hour simple moving average. There appears to be a short-term reverse head and shoulders pattern forming with breakdown support at $18,950. On the plus side, direct resistance is around $19,200. On the hourly chart of the BTC/USD pair, a new link bearish trend line is also formed, with resistance around $19,200.

is significantly higher than the trend line and may push the price toward the $19,500 resistance level. Any more gains may start to grow steadily towards the $20,000 resistance zone.

BTC loss more?

If Bitcoin fails to break through the $19,200 resistance level, it may continue to decline. The direct support for the downside is around $18,950.

The next major support is around $18,860. The break below the $18,860 support area pushes the price to the $18,550 level. More losses may need to fall to the $17,800 support area.

Technical indicators:

Hour MACD – MACD is now accelerating its pace in the bearish area.

Hour RSI (relative strength index) – The RSI of BTC/USD is now below 50 levels.

main support level – $18,950, followed by $18,860.

main resistance levels - $19,200, $19,500 and $20,000.

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