Know thy market.
Bitcoin continues to show strength above its 50-day MA (6/14/2025), maintaining the bullish structure established since Q1. With BTC dominance at 54.2%, capital appears to be consolidating in Bitcoin rather than flowing into altcoins, as evidenced by the TOTAL3 chart's horizontal movement. Global liquidity conditions remain favorable for risk assets, with recent Fed signals suggesting a more accommodative stance ahead. The key resistance zone at $72,500 represents the final technical hurdle before a potential push to new all-time highs. Watch for: Increasing volume on a breakout above $72,500 would confirm high probability (80%+) of continued upward momentum. DXY weakness and stabilizing bond yields provide additional tailwinds for Bitcoin in the near term.
Bitcoin is currently testing the 50-day moving average (gold line) as support. Price action above this level is generally considered bullish, while sustained breaks below may signal potential trend shifts. The 100-day MA (blue) acts as a longer-term trend indicator, with BTC maintaining a healthy position above this key level.
The ETH/BTC chart shows Ethereum's price when valued in Bitcoin rather than USD. This key metric is watched by traders to determine relative strength between the two largest cryptocurrencies. Rising ETH/BTC suggests Ethereum outperformance, while falling values indicate Bitcoin strength.
Global liquidity conditions, as measured by central bank balance sheets, show a recent uptick after a period of tightening. Historically, Bitcoin price has shown strong correlation with expanding liquidity. This metric suggests positive tailwinds for crypto markets if the current expansion continues.
The TOTAL3 index (excludes Bitcoin and Ethereum) measures altcoin market strength. Currently showing signs of recovery after recent drawdown, this metric indicates broadening market participation beyond the major cryptocurrencies. Stronger altcoin performance typically suggests increasing risk appetite among crypto investors.