$BTC As of June 2, 2025, Bitcoin (BTC) is trading around $105,373, having recently surpassed the $110,000 mark for the first time.
š Buy Zone (Entry Points)
Based on recent market analyses and order book data, potential buy zones include:
$80,000 ā $82,000: Identified as a strong support area with significant institutional buy orders.
$83,000 ā $83,200: Another support zone with approximately 700 BTC in buy orders.
šÆ Price Targets
Target 1: $88,000 ā $90,000
This range has been highlighted as a potential short-term target if BTC holds above key support levels.
Target 2: $120,000
A bullish projection suggests Bitcoin could reach this level based on patterned price movements.
Target 3: $200,000 by end of 2025
Bernstein analysts maintain a confident $200,000 price target for Bitcoin by the end of 2025.
š Stop-Loss Levels
$78,000: Recommended if entering a long position around $80,000 ā $82,000, to limit potential losses.
$92,000: Identified as a more substantial support level; a stop-loss here could be considered if entering at higher price points.
š Technical Indicators
Relative Strength Index (RSI): Recently above 50, indicating bullish momentum.
Moving Averages:
7-day MA: $83,369
25-day MA: $86,383
99-day MA: $95,614
Price trading below all major moving averages, indicating a strong downtrend.
ā ļø Risk Management & Strategy
Partial Profit-Taking: Consider securing profits at $88,000 ā $90,000 if the price struggles to break key resistance levels.
Adjust Stop-Loss: Move the stop-loss to the break-even point as the price moves in your favor to protect profits.
Market Monitoring: Keep an eye on market sentiment and key support/resistance levels to make informed decisions.
Disclaimer: This information is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions. #MyCOSTrade #SaylorBTCPurchase #BinanceAlphaAlert #TradingTypes101 #MyCOSTrade
