Crypto analysis for BTC, ETH, EGLD, DOGE and BNB - June 12, 2025
Crypto market in the last 24 hours:
🌐 Global Market Cap: $3.37T (-2.63%)
📊 24h Total Volume: $130.75B (-3.53%)
💰 DeFi Volume: $37.17B (28.42% of total volume)
🔒 Stablecoin Volume: $125.69B (96.13% of total volume)
💵 Bitcoin Dominance: 63.2% (+1.40%)
Bitcoin (BTC) Analysis
BTC is looking bearish due to the formation of a Double Top pattern, which often signals a potential trend reversal after a bullish phase. However, for a stronger confirmation, it's better to wait for the full development of an M pattern. If the price completes the M structure and breaks down with a candle closing below the support zone at 100,370 USD, the probability of a bearish continuation increases significantly. In that case, downside targets could be 93,364 USD and 85,906 USD. Watch for volume spikes and rejection wicks around the neckline for added confluence.
Ethereum (ETH) Analysis
ETH has formed a Head & Shoulders pattern along with bearish divergence, both of which increase the likelihood of a bearish move. The Head & Shoulders suggests a potential trend reversal, while the bearish divergence between price and momentum signals weakening buying pressure. For confirmation, we need a breakdown and a candle closing below the support zone at 2,739 USD. If that occurs, it would confirm the pattern and likely trigger further downside, with possible targets at 2,698 USD and 2,655 USD. A strong bearish candle on high volume would further validate the breakdown.
MultiversX (EGLD) Analysis
EGLD has formed a Bear Flag pattern, which typically signals a continuation of the previous downtrend and increases the probability of a bearish move. This pattern reflects a temporary consolidation after a steep decline, usually followed by another downward leg. For confirmation, we need a breakdown and a candle closing below the support zone at 14.32 USD. If that happens, the bearish continuation setup is confirmed, with potential downside targets at 13.49 USD and 12.74 USD. A breakdown with increasing volume would strengthen the bearish case.
Dogecoin (DOGE) Analysis
DOGE has also formed a Head & Shoulders pattern, but the right shoulder is still developing, which means the structure is not yet fully confirmed. Some consolidation at current levels would help shape the right shoulder more clearly and strengthen the pattern. For a bearish confirmation, we need a breakdown and a candle closing below the support zone at 0.1884 USD. If this happens, the pattern becomes valid and could lead to downside targets at 0.1837 USD and 0.1789 USD. Keep an eye on volume and momentum indicators to evaluate the strength of the move.
Binance Coin (BNB) Analysis
BNB has formed a Bull Flag pattern, which typically indicates a continuation of the previous bullish trend. This consolidation after a strong upward move is considered healthy and raises the probability of an upside breakout. For confirmation, we need to see a breakout and a candle closing above the resistance zone at 670 USD. If this occurs, the bullish continuation is confirmed with immediate targets at 673 USD and 677 USD. An increase in volume on the breakout would further strengthen the confirmation.
📈 Our Short-Term Estimates (96H)
Disclaimer: These are our personal opinions, not financial advice. We invest our own money — and sometimes we lose. DYOR!
- BTC - 2% to 4% - UP - Liquidity available above
- ETH - 2% to 4%- UP - Liq available below
- LTC - 2% to 4%- UP -at support
- APE - 3% to 6%- DOWN - At resistance zone
- BNB - 2% to 4%- UP - Bull Flag
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