#Btc As of Friday, June 6, 2025, Bitcoin (BTC) is trading at approximately $103,898, reflecting a slight decline of 0.78% over the past 24 hours.

📉 Short-Term Outlook (Next Few Days)

Recent technical analyses indicate that Bitcoin is experiencing a short-term bearish trend:

Support Levels: BTC found support near the 0.382 Fibonacci level at $97,663 before rebounding.

Resistance Levels: The cryptocurrency faces resistance around $104,689.50 and $103,956.99. A break above these levels could signal a bullish reversal.

Technical Indicators: The Relative Strength Index (RSI) is currently at 23, indicating that BTC is in oversold territory, which might suggest a potential for a short-term rebound.

📈 Medium-Term Outlook (June 2025)

Looking ahead, several forecasts suggest a potential upward movement for Bitcoin:

Price Predictions: Analysts predict that BTC could reach between $120,000 and $125,000 by mid-June, driven by factors such as potential Federal Reserve rate cuts and increased institutional interest.

Market Sentiment: Despite recent corrections, the long-term sentiment remains bullish, with expectations of BTC hitting new highs later in the year.

✅ Recommendation

Given the current market conditions:

Short-Term: Exercise caution. The market shows signs of volatility, and it may be prudent to wait for clearer signals before making significant moves.

Medium to Long-Term: If you have a long-term investment horizon, current prices might offer a buying opportunity, considering the positive outlook for the remainder of the year.