As of June 6, 2025, Bitcoin (BTC) is trading at approximately $102,331, reflecting a slight decline of 2.61% from the previous close.
---
๐ Technical Analysis: Key Support & Resistance Levels
Resistance Levels:
$107,500: $BTC Identified as a pivotal resistance; a breakout above this level could pave the way for new all-time highs.
$112,000: A significant resistance zone; surpassing this could trigger further bullish momentum.
$117,565: Closing above this level may confirm a bullish breakout, potentially targeting higher price ranges.
Support Levels:
$100,000: $BTC critical psychological and technical support; maintaining above this level is crucial for bullish sentiment.
$98,000: Represents historical accumulation; a drop below could indicate increased selling pressure.
$88,605: A breach below this support may lead to a deeper correction, with potential targets around $78,505.
---
๐ Price Predictions for June 2025
Changelly: Forecasts a 13.22% increase, projecting Bitcoin to reach approximately $118,834 by June 6, 2025.
Finance Magnates: Analysts anticipate Bitcoin could reach between $120,000 and $125,000 by June, driven by macroeconomic factors and institutional demand.
Bitget: Suggests $BTC Bitcoin may consolidate between $97,000 and $112,000 in June, with a breakout above $112,000 potentially leading to higher targets.
#BTC #Bitcoinโ #MyCOSTrade #CircleIPO #BlackRockETHPurchase