Bitcoin Wave Analysis – 23 June 2025

- Bitcoin reversed from round support level 100,000

- Likely to rise to resistance level 105,000

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S&P 500 Wave Analysis – 23 June 2025

S&P 500: ⬆️ Buy

- S&P 500 reversed from support area

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US housing market: stabilisation at a low level

Sales in the US secondary housing market rose by 0.8% against an expected decline of 1.2%, following 5.9% and 0.5% in the previous two months. The data showed consolidation around an annual sales rate of 4 million homes. This is a low level compared to the peak of 6.74 million at the end of 2020, and even significantly below the 2015–2019 plateau of 5.5 million. Stabilisation is an important positive after months of slowdown. Such data somewhat alleviates concerns about a decline in American consumer activity, which preceded the 2008 global financial crisis.

It alleviates them, but does not eliminate them, as unsold inventories are simultaneously growing to 4.6 months at current sales rates. This is the highest level in the last nine years, approaching the upper limit of the post-crisis recovery norm for the real estate market. This is another argument in favour of lowering the key rate. Also, working in this direction results in a mere 1.3% increase in prices compared to a year earlier.

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⚠️ UK — BOE Governor Andrew Bailey Speaks at 08:00 GMT

Bitcoin profiting on the returned demand for risk

Bitcoin has been on a rollercoaster ride. Firstly, quotes fell below the psychologically important round level of $100,000 in response to the United States' bombing Iran. Then, the cryptocurrency recorded one of the best daily rallies in 2025 thanks to Donald Trump's announcement of a ceasefire in the Middle East.

Along with the deterioration of global risk appetite amid the Israeli-Iranian conflict, fears about the growth of token supply put pressure on Bitcoin. Western sanctions are depriving the country of the opportunity to sell traditional assets. To attract resources, it may start selling cryptocurrency. Therefore, Tehran's reduction in oil exports increased the risks of a further decline in Bitcoin prices.

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⚠️ Canada — Consumer Price Index at 03:00 GMT

✔️ Prev: -0.1% | 1.7%

🕒 Exp: 0.5% | 1.7%

🎯 Fact.: 0.6% 📈 | 1.7%

⚠️ EU — ECB President Christine Lagarde Speaks at 13:00 GMT

Crude Oil still caught in a bear hug

The price of a barrel of WTI fell to $64 at the start of trading on Tuesday, while Brent fell to $66.7 at its lowest point at the start of active trading in Europe. Retreating to levels seen before the latest conflict, the price recouped the ‘war premium’. This was how the markets reacted to Iran’s relatively restrained response and the subsequent reports of a truce with Israel.

The sharp decline in prices indicates the continuing dominance of bears in the market. The Middle East conflict triggers a 20% price increase. Still, a moderate response and Trump’s tweet nullify the entire war premium.

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⚠️ USA — CB Consumer Confidence at 03:00 GMT

✔️ Prev: 98.4

🕒 Exp: 99.4

🎯 Fact.: 93.0 📉

Pro News Flash Video: What Trump’s Ceasefire Means for Bitcoin

Bitcoin has experienced significant volatility recently — falling sharply after U.S. military action in Iran, then rallying strongly following Donald Trump’s announcement of a ceasefire in the Middle East.

In this week's episode of Pro News Flash, we analyse the key factors influencing Bitcoin’s price movement, including:

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US housing market slowdown as a recession harbinger

According to lagging but broad data from S&P Global, the pace of housing price growth in the US slowed in April. Annual price growth slowed to 3.4% y/y, the lowest in nearly two years. More importantly, the last two months have seen an actual decline, not just a slowdown in growth, indicating a cooling of demand.

Beyond the price volatility associated with the effects of lockdowns, such a slowdown was only seen before the global financial crisis, but before that, the market had been overheating for years. The situation is different now, and we can talk about a dangerous slowdown in the market. This is a consequence of economic uncertainty, which has sent consumer sentiment into a tailspin, or overly tight monetary policy, and looks like a threatening sign of a looming broad recession that will not be so easy to fix with money.

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CADJPY Wave Analysis – 24 June 2025

- CADJPY reversed from the resistance area

- Likely to fall to support level 104.75

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Microsoft Wave Analysis – 24 June 2025

Microsoft broke the resistance area

Likely to rise to the resistance level 500.00

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🗓 Economic Calendar at 2025/06/25 (GMT)

01:30 🇦🇺 ⚡️ Consumer Price Index — Exp: 2.3% Actual: 2.1%

14:00 🇺🇸 ⚡️ Federal Reserve Chairman Jerome Powell Speaks

14:00 🇺🇸 New Home Sales — Exp: 694K Actual: 623K | -13.7%

14:30 🇺🇸 Crude Oil Inventories — Exp: -1200K Actual: -5836K


[Updated in real time]

Platinum Wave Analysis – 24 June 2025

- Platinum reversed from the support area

- Likely to rise to resistance level 1350.00

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Ebay Wave Analysis – 24 June 2025

- Ebay reversed from long-term resistance level 80.00

- Likely to fall to support level 71.15

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⚠️ Australia — Consumer Price Index at 03:00 GMT

✔️ Prev: 2.4%

🕒 Exp: 2.3%

🎯 Fact.: 2.1% 📉

The crypto market is taking a break after a rebound

The crypto market capitalisation rose by 0.4% during the day to $3.27 trillion, stabilising near the levels we saw a week earlier. Technically, in recent days, the market has dipped below its 200-day moving average and rebounded sharply from it, confirming that it has turned from resistance to support.

Bitcoin is trading near $106K, returning to territory above the 50-day moving average, albeit very slightly. The dynamics of the last three days suggest a rapid assault on the highs. However, remaining almost 5% below its peak, the flagship cryptocurrency is behaving more cautiously than the Nasdaq 100, which updated its historical highs on Tuesday evening.

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