$BTC Bitcoin (BTC) is currently experiencing a consolidation phase after reaching an all-time high of approximately $112,000 in May 2025. As of June 2, 2025, BTC is trading around $104,331, reflecting a slight decrease from its recent peak. This cooling period is characterized by profit-taking and a temporary slowdown in bullish momentum.
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๐ Current Market Dynamics
Resistance Levels: Bitcoin faces significant resistance between $112,000 and $115,000. A decisive break above this range could signal the continuation of the uptrend.
Support Zones: Key support levels are identified at $103,000, $100,000, and $97,000. Maintaining prices above these levels is crucial for sustaining the bullish outlook.
Technical Indicators: The Relative Strength Index (RSI) has cooled to around 53.49, moving away from overbought conditions but still indicating a bullish trend.
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๐ Short-Term Outlook
In the near term, Bitcoin's price is expected to oscillate between $103,000 and $112,000. A successful defense of the $103,000 support level could pave the way for a retest of the $112,000 resistance. Conversely, a drop below $100,000 might lead to further declines toward $97,000 or even $93,000.
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๐ Long-Term Projections
Looking ahead, analysts remain optimistic about Bitcoin's trajectory in 2025:
AI Models: Predict Bitcoin to remain above $100,000 by the end of June 2025, with potential to break higher if favorable conditions emerge.
Analyst Forecasts: Some experts anticipate a cycle peak between $220,000 and $330,000 before the end of 2025, driven by strong cyclical volatility and historical patterns.
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๐งญ Conclusion
Bitcoin's current consolidation phase appears to be a healthy correction within a broader bullish trend. Investors should monitor key support and resistance levels, as well as macroeconomic factors, to gauge the cryptocurrency's next move. While short-term volatility is expected, the long-term outlook for Bitcoin remains positive, with potential for significant gains by the end of 2025.
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