Bitcoin Trading Volume Surpasses 3-Day Average, Signalling Strong Buyer Conviction (Technical Analysis)

Summary Bitcoin rallies 4.5% on Monday to hit $110,600 after strong volume surge. Early Tuesday dip sees Bitcoin retrace 1% to $109,100. Golden cross at $105,400 reinforces bullish momentum. By Artem Shendetskii Bitcoin’s price ( BTC-USD ) started the second week of June 2025 on a strong note, rallying by 4.5% on Monday to reach a high at $110,600. This marks the fourth consecutive daily gain and extends its bullish momentum deeper into all-time high territory. What made Monday’s move significant was the increase in trading volume, which exceeded that of the previous three days, highlighting strong conviction from buyers. The surge pushed Bitcoin to within 1.3% of its all-time high at $112,000, setting the tone for potential upside continuation. However, early Tuesday trading has seen some pullback. The price declined gradually from the Monday close and is currently down 1% on the day, trading near $109,100 as of the European session. The slight drop has reduced this week’s cumulative gain to 3.5%, although the month-to-date performance still holds a solid 4.2% advance. BTC price dynamics (Jan – June 2025). Source: TradingView This retracement does not come unexpectedly. On the 4-hour chart, Monday’s price surge pushed the RSI indicator into overbought territory, which likely triggered some profit-taking by short-term traders. Bitcoin golden cross at $105,400 solidifies short-term bullish bias The technical backdrop, however, still paints a bullish picture. Monday’s surge caused a golden cross formation at $105,400 on the 4-hour timeframe. The 20 EMA crossed above both the 50 and 100 EMAs, and the 50 EMA also moved above the 100 EMA, reinforcing upward price momentum. This golden cross now places the 20 EMA around the $107,000 zone, a level that could act as the first line of defense in the event of deeper intraday pullbacks. Despite today’s mild decline, the broader trend remains supported by the daily RSI, which continues to hover in bullish territory without flashing any fresh overbought warnings. If the price finds support at $107,000 and volume steps back in, Bitcoin may resume its ascent. The key barrier to break is the $110,775 supply level. A decisive move above that level could open the path toward testing the all-time high at $112,000. Unless selling pressure intensifies below $107,000, the outlook leans toward a potential recovery in the upcoming sessions, fuelled by the ongoing technical strength and momentum. Bitcoin extends three-day rally from a four-week low but faces intraday resistance . Key EMAs converge to form a critical support zone around $105,350. This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer . While we adhere to strict Editorial Integrity , this post may contain references to products from our partners. Original Post

Source: Seeking Alpha