According to the 15-minute chart of Renatus Tactical-U, the 20-day Simple Moving Average (SMA) has recently triggered a bullish signal, indicating a shift in market sentiment towards a more optimistic outlook. The upward momentum of the SMA20 suggests that buyers are gaining control and driving the price higher in the short-term. This development has the potential to have a significant impact on the stock's performance in the coming days.
Bitcoin (BTC) has shown signs of recovery following a recent sharp sell-off, with analysts predicting a significant rise in the cryptocurrency's value. According to a June 18 post on TradingView by TradingShot, Bitcoin could reach an all-time high of $145,000 by September 2025, based on historical price patterns and Fibonacci analysis [1].
The analysis highlights the weekly timeframe as a key bullish signal, with Bitcoin closing five consecutive weekly candles above an important pivot trendline. This trendline acted as strong resistance between December 9, 2024, and January 27, 2025, but recent candles have closed above it, indicating a shift in market structure. The past two weekly candles were nearly flat, suggesting market consolidation led by a balance between buyers and sellers [1].
Using Fibonacci analysis, TradingShot set the 1.0 level at the pivot line, projecting the 2.0 extension just above $145,000, an almost 40% rally from current prices. This positive outlook comes despite recent volatility driven by geopolitical tensions involving Iran. However, institutional interest remains strong, with spot Bitcoin ETFs recording over $1.46 billion in inflows since June 9 [1].
As of press time, Bitcoin had reclaimed the $104,000 resistance level, trading at $104,760, up nearly 1% on the day. Short-term indicators hint at further gains, with Bitcoin trading just above its 50-day simple moving average (SMA) of $104,236, while the 200-day SMA sits at $87,557, confirming a strong long-term uptrend. The 14-day Relative Strength Index (RSI) stands at 50.63, reflecting neutral momentum with no signs of overbought or oversold conditions [1].
In other financial news, Reddit (RDDT) experienced a significant increase in its stock price, climbing by 14.3% to $144.27. This upward movement reflects growing investor confidence in the company's market position and future potential. Reddit Inc reported a 61% year-over-year increase in revenue, reaching $392 million for Q1 2025, driven by strong growth in advertising revenue and international ad revenue [2].
References:
[1] https://finbold.com/analyst-sets-bitcoins-path-to-145000-by-september-2025/
[2] https://www.gurufocus.com/news/2931627/reddit-rddt-stock-surges-over-14-amid-positive-market-sentiment-rddt-stock-news
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