$BTC Update as of June 6, 2025**
Current price: ~$103,659
Daily change: -1.07%
Daily range: $100,781 – $105,888
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📉 Price action
After reaching an all-time high of $111,880, Bitcoin underwent a 7% correction, settling around $104,000. This drop is attributed to technical factors and macroeconomic uncertainty stemming from a judicial decision in the United States that reinstated some tariffs, increasing bond yields and risk aversion.
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📰 Recent news
Circle IPO: On June 5, 2025, Circle Internet Group, issuer of the USDC stablecoin, launched its IPO, raising approximately $1.1 billion and achieving a market capitalization of $6.9 billion.
Trump Media Bitcoin ETF: Trump Media and Technology Group has filed a request with the SEC to launch a Bitcoin ETF called "Truth Social Bitcoin ETF," which holds Bitcoin directly.
U.S. Strategic Bitcoin Reserves: On March 6, 2025, President Trump signed an executive order to establish a strategic reserve of Bitcoin, using Bitcoin confiscated by the U.S. Treasury.
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📊 Forecasts
Short-term: According to forecasts, the price of Bitcoin could reach around $118,078 by June 7, 2025.
Medium-term: Analysts expect a price increase to $125,000 by June 2025, with potential further rises to $150,000–$200,000 by the end of the year, driven by institutional demand and favorable macroeconomic factors.
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📈 Technical indicators
Key support: $97,663 (Fibonacci level 0.382)
Key resistance: $107,000
Fear & Greed Index: 57 (Greed)
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📌 Conclusion
Despite the recent correction, Bitcoin shows signs of resilience, supported by institutional developments and increasing adoption. Investors should closely monitor support and resistance levels, as well as macroeconomic dynamics, to assess the market's next moves.
