As of June 6, 2025, Bitcoin (BTC) is trading at approximately $101,411, experiencing a slight decline of about 3.5% over the past 24 hours. This follows a recent peak of $111,970 on May 22, 2025, marking a notable correction in the market.
---
🔍 Current Market Overview
Price Range: BTC has fluctuated between $100,781 and $105,888 in the last 24 hours.
Market Sentiment: The Fear & Greed Index stands at 57, indicating a sentiment leaning towards greed.
Technical Indicators: Key support levels are identified at $104,078, $103,424, and $102,487, while resistance levels are at $105,669, $106,606, and $107,260.
---
📈 Short-Term Price Predictions
CoinCodex: Projects a potential rise to $132,804 by June 10, 2025, representing a 29% increase.
Changelly: Forecasts a June high of $137,808.59, with a minimum expected value of $106,213.84.
Finance Magnates: Analysts suggest BTC could reach $120,000–$125,000 in June, influenced by potential Federal Reserve rate cuts and institutional demand.
---
🧠 Market Factors Influencing BTC
Macroeconomic Conditions: Recent U.S. judicial decisions reinstating certain tariffs have led to increased bond yields and risk aversion, contributing to BTC's price correction.
Institutional Inflows: The approval of spot Bitcoin ETFs and initiatives like the U.S. Strategic Bitcoin Reserve have bolstered institutional interest.
Technical Patterns: BTC's recent breakout from a descending broadening wedge pattern suggests potential for continued bullish momentum, provided support levels hold.
---
📅 Year-End Outlook
Tom Lee: Predicts BTC could reach between $150,000 and $250,000 by the end of 2025, driven by global liquidity expansion and supply-demand dynamics.
Cointelegraph: Reports that some top bulls foresee BTC prices reaching up to $1.5 million, citing institutional inflows and the growing stablecoin economy.
---
In summary, while Bitcoin has experienced a recent pullback, market analysts remain optimistic about its short-term and long-term prospects, citing technical indicators, institutional.
