📉 Bitcoin begins June with bearish pressure: opportunity or warning sign?
Bitcoin (BTC) starts the month of June trading around $103,874, following a drop from its all-time high of nearly $112,000 reached recently. This decline is attributed to the outflow of $616 million from BTC ETFs and Meta's refusal to adopt Bitcoin as part of its treasury.
🔍 Key indicators:
RSI (14 days): 66.42, approaching the overbought zone, which could indicate a possible short-term correction.
BTC dominance: 63.54%, showing a slight decrease and suggesting a potential increase in interest for altcoins.
📊 Outlook:
Despite the recent correction, projections indicate that BTC could reach $110,997 in the coming days, representing a 16.24% increase.
🧠 What do you think?
Do you consider this correction a buying opportunity or a warning sign for a deeper drop?
Share your thoughts in the comments! 👇
