Bitcoin projection for the Second Week of June 2025
Bitcoin is currently consolidating around $105,000 USD, after having slightly retraced from its May high, but maintaining a high value. The overall market sentiment is optimistic due to the increasing institutional adoption, such as that of JPMorgan and Semler Scientific, and the long-term bullish projections for 2025, suggesting prices between $130,000 and $200,000 USD. During the second week of June, it is likely that Bitcoin will continue its consolidation phase, looking to break the key resistance of $106,500 USD. A successful breakout could push it towards $108,000-$110,000 USD.
However, if selling pressure increases or the resistance is not overcome, we could see a retracement towards supports at $102,500 USD or even the psychological level of $100,000 USD. The "whales" continue to accumulate BTC, indicating strong underlying support. Investors should stay alert to news about institutional adoption and movements above or below key technical levels to make informed decisions, always keeping in mind the volatility of the cryptocurrency market.