By Licia Leslie
June 20th, 2025
Hi Shoppers,
The Bitcoin (Ticker BTCUSD) chart is looking bullish to me:
It has held the median line support which coincides very nicely with the 50 day moving average providing even more support.
BTCUSD is currently clearing the most recent highs and the 21 day moving average.
I think it will trade back up to the downtrend line resistance at $109,350.
Today I will be looking to go long the iShare Bitcoin Trust (Ticker: IBIT):
I like the Jul3 expiration:
The 60/63 call vertical, that is buying the 60 calls and selling the 63 calls for $1.00 will make money.
Use 30% as your stop loss, meaning if the spread begins to trade $.70 or below, you bail.
Watch BTCUSD to reach that resistance to take your profit.
Trade Review
Dell Technologies (Ticker: DELL) still looking bullish to me to $127.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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