The cryptocurrency exchange BTC Markets announced a pivotal moment for $BTC
Analyst Rachel Lucas from the platform noted that the BTC price is at a critical level that will determine the future of the bull market. As of June 2, 2025, bitcoin is trading around $104,000, but the RSI and MACD indicators suggest a weakening bullish momentum. This could signal a temporary correction or a deeper decline.
The market shows high volatility: after a peak of $112,000 in May 2025, the price fell by nearly 2%. Analysts attribute this to profit-taking and uncertainty regarding new trade tariffs in the U.S. At the same time, capital inflow into spot bitcoin ETFs remains significant — over $5 billion since April, supporting optimism.
For traders and investors, it is important to monitor on-chain metrics and market sentiments, particularly BCMI, which has not yet reached the 'overheated' zone (0.75), remaining below 0.5. This may present a buying opportunity, but risks remain.
Stay informed to not miss key market signals!
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