$BTC As of June 1, 2025, Bitcoin (BTC) is trading at approximately $104,154, reflecting a modest increase of 0.32% over the past 24 hours. The cryptocurrency has experienced a 7.41% gain over the last 30 days, indicating a period of consolidation following recent volatility. 
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📉 Technical Overview
• Resistance Levels: Bitcoin faces significant resistance around the $106,000 mark. A breakout above this level could pave the way for a retest of the recent all-time high near $111,000. 
• Support Levels: The 50-day Moving Average (MA) at $103,800 serves as a critical support. A breach below this could lead to further declines towards the $101,000 level. 
• Relative Strength Index (RSI): Currently at 58, the RSI suggests that Bitcoin is neither overbought nor oversold, indicating a neutral momentum. 
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🔍 On-Chain Metrics
• Whale Accumulation: There has been a 3% increase in Bitcoin wallet addresses holding over 1 BTC, totaling 1.02 million. This indicates ongoing accumulation by long-term holders. 
• Exchange Inflows: A surge of 15,000 BTC into exchanges over the past 24 hours suggests potential selling pressure, possibly from profit-taking activities. 
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📊 Market Sentiment
• Fear & Greed Index: The index has decreased from 65 to 61, moving from a state of “greed” to a more neutral sentiment, reflecting traders’ cautious outlook. 
• Liquidations: Recent market volatility led to over $211 million in long positions being liquidated, underscoring the market’s sensitivity to macroeconomic factors. 
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📈 Future Outlook
Analysts predict that Bitcoin could reach between $180,000 and $250,000 by the end of 2025, driven by factors such as market cyclicality, increased institutional adoption, and a surge in liquidity. 
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