**Current market developments
Bitcoin made an impressive leap as it officially surpassed the 106,000 USD mark on the morning of June 3, 2025, reaching a high of 106,400 USD. Currently, BTC is trading at 106,244 USD with significantly increased trading volume compared to previous sessions.
**Analysis of key influencing factors
Movements from large institutions
- Aggressive buying strategy: The plan to issue 2.5 million 'Stride' preferred shares to raise capital for further Bitcoin purchases has created a positive sentiment in the market.
- Large cash flow movement: A transaction transferring 14,000 BTC (approximately 1.46 billion USD) from Bitfinex to an anonymous wallet indicates that 'whales' may be accumulating or moving assets.
Macroeconomic factors
- Stable monetary policy: The probability of the Fed keeping interest rates unchanged in June is 95.3%, creating favorable conditions for risk assets.
- US-China trade tensions: Despite signs of rising trade tensions, Bitcoin continues to rise, reinforcing its role as a safe-haven asset.
Technical analysis
- Breaking important psychological barrier: Surpassing the 106,000 USD level has broken strong resistance, paving the way for a new upward trend.
- Increased trading volume: In the last 3 hours, trading volume has increased to 2.37 million USD, higher than the average of previous hours.
- Short-term upward trend: BTC has increased from 104,280 USD to 106,244 USD in just 8 hours, creating a distinct short-term upward trend.
**BTC price forecast for June 3, 2025
Optimistic scenario
- Near target: 107,000 USD - 107,500 USD
- Distant target: Could test the 108,000 USD zone if the upward momentum is maintained.
- Supporting factors: Positive news about Strategy continuing to buy BTC
Cautious scenario
- Nearby support zone: 105,500 USD - 105,700 USD
- Strong support zone: 104,900 USD - 105,000 USD
- Risks: Panic signs from short-term investors may cause selling pressure
***End-of-day forecast
Bitcoin is highly likely to maintain above the 106,000 USD level by the end of June 3, 2025, with a fluctuation range from 105,800 USD to 107,000 USD. With the current upward momentum and support from large institutions, BTC is in a favorable position to continue its short-term upward trend.
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