# Bitcoin price forecast for June 2, 2025
Current situation
Currently, Bitcoin is trading around $104,859, showing a slight adjustment from the previous trading session. According to k-line data, BTC has fluctuated within the range of $104,573 to $105,055 in the most recent trading session.
Short-term trend analysis
Bitcoin is in a crucial 'decision' zone both psychologically and technically. According to analyst Rachael Lucas, the support level is relatively stable around $103,000, with stronger support around $97,600.
Two scenarios may occur today:
1. Positive scenario: If Bitcoin holds steady in the range of $103,000 - $105,000, it may challenge the $115,000 level again.
2. Adjustment scenario: If it breaks below $103,000, it may trigger a deeper correction with a price target in the range of $93,000 - $97,000.
Impact factors
Notably, liquidity data shows that in the past 24 hours, BTC had a futures contract liquidation volume of $29.71 million, with a short position liquidation rate of up to 73.33%. This indicates that selling pressure is gradually decreasing.
News that Metaplanet has just purchased an additional 1,088 BTC (worth approximately $117.3 million), bringing the total amount of Bitcoin held to 8,888 BTC, could also create a positive sentiment for the market.
Daily forecast
With the current factors, Bitcoin is likely to trade within the range of $103,000 - $106,000 today, with a trend leaning towards positive if it maintains the support level of $103,000.
Important resistance levels for the day: $105,500 and $106,800
Important support levels for the day: $103,000 and $102,200
Note that the cryptocurrency market is becoming increasingly sensitive to economic data, comments from central banks, and geopolitical risks, so investors need to closely monitor macro information throughout the day.
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