Bitcoin Price Prediction: June 13 – Bears in Control

According to CoinStats, bears remain the dominant force in Bitcoin’s current market environment. As of today, July 13th, BTC/USD has dipped by nearly 2.63% since yesterday. The hourly chart shows resistance at the $105,757 level, with the price currently hovering near the middle of its established channel. While the daily ATR has been passed, tomorrow’s market action is anticipated to be relatively calm. Looking at a longer-term perspective, the balance between buyers and sellers remains unclear, leading to a scenario of limited upward or downward movement. With a sideways trend likely expected to persist within the range of $104,000-$106,000, the market’s immediate direction will be determined by tomorrow’s daily performance.