$BTC The speech of Federal Reserve Chairman Jerome Powell an hour ago had a significant impact on the price of Bitcoin.

On June 2, 2025, Powell indicated the possibility of easing monetary policy, which led to a 2.3% increase in the price of Bitcoin over 24 hours, reaching around $104,500. Trading volume also rose by 15% on platforms like Binance, reflecting increased investor interest.

If Powell continues to adopt a dovish tone, Bitcoin may see further increases and potentially surpass the resistance level of $137,500. However, if he signals tightening monetary policy, the price could drop to support levels around $108,000.

Technically, Bitcoin's Relative Strength Index (RSI) indicates room for further upside before reaching overbought territory. This suggests there is potential for more upward momentum if favorable conditions persist.

Overall, investors are advised to monitor Powell's future statements.