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Bitcoin Wave Analysis – 9 June 2025

Bitcoin: ⬆️ Buy

– Bitcoin broke daily down channel

– Likely to rise to resistance level 110,000.00

Bitcoin cryptocurrency recently broke the resistance trendline of the daily down channel from May (which encloses the previous ABC correction 2 from the end of May).

The breakout of this down channel accelerated the active minor impulse wave 3 of the intermediate impulse wave (3) from the start of April.

Given the clear daily uptrend, Bitcoin cryptocurrency can be expected to rise to the next resistance level 110,000.00 (which reversed the price in January and May) – the breakout of which can lead to further gains toward 115000.00.

Source: Fxpro

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