Bitcoin Price Watch: Market Stalls at $104K—What Comes Next?
Bitcoin price stands at $103,997 to $104,281 over the last hour as of June 1, 2025, with a market cap of around $2.06 trillion. During the past 24 hours, the leading crypto asset has recorded a trading volume of $15.8 billion within an intraday range of $103,127 to $104,947 per bitcoin, reflecting a narrow consolidation phase after a notable but modest correction.
The hourly chart shows bitcoin entering a consolidation pattern between $103,127 and $104,947, with volume slightly increasing on green candles. This indicates early-stage accumulation and a possible shift in short-term sentiment. Technical patterns suggest the formation of an inverse head and shoulders — a bullish reversal pattern — hinting at a potential breakout above the $104,900 to $105,000 zone. If confirmed with strong volume, this could serve as an entry point for short-term traders. However, any breakdown below $103,000 would invalidate the bullish thesis and suggest further downside risk.