Bitcoin at a Crossroads: Will $BTC Crash to $95K or Soar Past $110K?
As of June 1, 2025, Bitcoin ( $BTC ) is trading at approximately $104,164, reflecting a modest 0.51% increase over the past 24 hours. Despite a recent pullback from its all-time high of over $111,000, BTC maintains a strong year-over-year gain exceeding 50% .(Barron's)
🔍 Key Support and Resistance Levels
Support Levels:
$103,000 – Currently being tested; a critical level to monitor.
$100,000 – Psychological support and a significant technical level.
$97,000 – $93,000 – Potential deeper retracement zones if $100K fails to hold .
Resistance Levels:
$106,200 – Immediate resistance; a breakout here could signal bullish momentum.
$108,000 – Short-term resistance; reclaiming this level may indicate a bullish reversal.
$111,000 – $112,000 – Recent peak and a significant resistance zone .
📈 Market Sentiment and Outlook
While Bitcoin's price has experienced a slight decline, on-chain data suggests that the bullish momentum is likely to continue . Analysts predict that if BTC can maintain support above $108,000, it could climb toward $120,000
🧠 Technical Perspective
The Relative Strength Index (RSI) indicates that BTC is in an oversold condition, which may suggest a potential rebound. However, caution is advised as oversold conditions can persist in bearish markets. If the $103,000 support level fails, BTC could see further declines toward the $97,000–$93,000 range. Conversely, a successful defense of this support could lead to a retest of the $111,000–$112,000 resistance zone .(Coin Edition)
📌 Summary
Current Price: ~$104,164
Immediate Support: $103,000
Key Resistance: $106,200, $108,000, $111,000–$112,000
Potential Downside Targets: $97,000–$93,000
Potential Upside Targets: $110,000, $116,000, $118,000
Traders should monitor the $103,000 support level closely. A break below could signal further downside, while a rebound may present opportunities for gains.
