As of the afternoon of June 23, 2025, Bitcoin (BTC) was trading at approximately 79,500 USD on Binance, showcasing a significant trading volume of 18 billion USD for the BTC/USDT pair, which reflects strong market interest.

The U.S. stock market opened positively on the same day, with the S&P 500 up 0.3%, which contributed to a notable 12% increase in Bitcoin trading volume over the last 24 hours, bringing it to 35 billion USD across major exchanges.

Institutional interest in Bitcoin is on the rise, highlighted by a 15% increase in Bitcoin ETF inflows, totaling 500 million USD in the week ending June 22, 2025, which enhances trading opportunities.

On-chain metrics further indicate an 8% increase in daily active addresses to 620,000, demonstrating sustained user engagement, while trading volume for BTC/ETH on Kraken surged by 10% to 2.5 billion USD.

The influence of tech stocks like NVIDIA and Tesla is evident in the crypto markets, as their price gains contribute to a risk-on sentiment that could bolster Bitcoin's price movement.

As of the same date, Bitcoin's trading exhibited a strong correlation of 0.78 with traditional stock markets, particularly tech-heavy indices like the Nasdaq.

Mihir, known as RhythmicAnalyst, emphasized a critical support zone for Bitcoin between 73,000 USD and 90,000 USD in a tweet, marking its significance for short-term price action.

Traders are closely monitoring the 73,000 USD to 90,000 USD support zone, viewing it as pivotal for Bitcoin's future movement; holding above this range could indicate strength, while dropping below may trigger significant selling pressure.

While discussions of a potential breakout above 90,000 USD are ongoing, caution is advised until confirmation is received, as a drop below 73,000 USD could lead to a decline towards the next support level at 65,000 USD.

Technical analysis reveals the Relative Strength Index (RSI) at 58, indicating a balanced market, with support levels identified at 76,500 USD (50-day moving average) and 68,000 USD (200-day moving average).