$BTC

As of June 1, 2025, Bitcoin (BTC) is trading at approximately $104,879, reflecting a modest 0.2% increase over the past 24 hours. This comes after a recent peak above $112,000 in late May, followed by a pullback attributed to geopolitical tensions and macroeconomic uncertainties.

Analysts note that BTC is currently consolidating below the key resistance zone of $105,000–$106,000, a range that has capped multiple bounces this week. The price has lost the 20/50/100 EMA cluster on the 4-hour chart, increasing caution among bulls.

Despite the recent dip, whale accumulation continues, suggesting underlying bullish sentiment. If Bitcoin maintains support above $104,800, analysts predict a potential rally toward $107,000, with longer-term targets above $120,000.

The global cryptocurrency market capitalization stands at $3.24 trillion, with Bitcoin's dominance at 60.55%, indicating its significant influence on the broader market.

Looking ahead, some analysts forecast that Bitcoin could reach a cycle peak between $220,000 and $330,000 before the end of 2025, contingent on continued accumulation and favorable market conditions.

In summary, while Bitcoin faces short-term resistance, the ongoing accumulation by large holders and positive market indicators suggest potential for upward movement in the coming months.

#TradingTypes101 #SaylorBTCPurchase #SaylorBTCPurchase #TrumpMediaBitcoinTreasury #BinanceAlphaAlert