According to Material Indicators (@MI_Algos), both Trend Precognition Algorithms are showing upward signals for Bitcoin (BTC) on the daily chart, coinciding with a significant price move above the 21-day Simple Moving Average (SMA). The current 21-day SMA is positioned around $106,000. Traders are advised to monitor the daily candle close closely, as a successful resistance-support (R/S) flip at this level could confirm further bullish momentum. This technical breakout is seen as a potential catalyst for increased trading volume and bullish sentiment in the crypto market, as reported by @MI_Algos on June 16, 2025.