Bitcoin price recovery continues from four-week low as price holds above EMA cluster

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Sholanke Dele

09.06.2025

Bitcoin price recovery continues from four-week low as price holds above EMA cluster — Bitcoin extends three-day rally

Bitcoin price action on Monday has shown signs of resilience after an early session dip, maintaining a broader recovery trend that began last Friday.

The alpha cryptocurrency has climbed steadily from a four-week low at $100,700, logging three consecutive days of positive closes through the weekend. This bullish run reclaimed the 20-day EMA near $105,000 and pushed price to a five-day high at $106,430 before closing slightly lower on Sunday at $105,800.

- Bitcoin extends three-day rally from a four-week low but faces intraday resistance

- Key EMAs converge to form a critical support zone around $105,350

- RSI remains bullish as low-volume dip hints sellers lack conviction

Today’s movement started on a weaker footing as Bitcoin dropped to an intraday low near $105,350 during the Asian session. However, the European session has seen some recovery from that dip, with price rising back toward $105,740. What adds depth to today’s price reaction is the technical foundation provided by the convergence of the 20, 50, and 100 EMA on the 4-hour chart exactly around the $105,350 level. This confluence is a significant zone of interest that appears to have halted the bearish momentum earlier in the day.

BTC price dynamics (April - June 2025). Source: TradingView

Volume conditions during the Asian dip have also been notably muted, suggesting that sellers did not commit heavily to short positions. Supporting this view is the 4-hour RSI, which has continued to stay in bullish territory despite today’s retracement, reinforcing the argument that underlying momentum is still on the buyers’ side.

Bitcoin buyers defend 20/50/100 EMA cluster as short-term sentiment leans positive

If bullish sentiment manages to regain full control through the rest of today’s session, the immediate resistance to challenge lies around the $106,500 area. Breaking above that could open the way for further short-term upside as confidence builds around the recent bounce from the four-week low.

On the flip side, failure to build on the European session rebound could expose Bitcoin to further intraday losses. A break below the key EMA convergence at $105,350 would likely shift attention to the next support zone around $103,700. That level could serve as a defensive line if sellers regain momentum.

As of the latest update, Bitcoin is posting a modest 0.20% loss on the day, but technical support and receding selling volume suggest that buyers are still active around critical levels. The direction into the US session will likely determine whether this recovery continues or stalls below resistance.

Bitcoin broke below a tight six-day range and dropped to a four-week low on Thursday. Price rebounded 1.7% on Friday but struggled near key EMA resistance.

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