$BTC O Bitcoin was traded around $103,188 on June 6, showing resilience near the support of $103,000, despite broader market downturns. The main bearish factors included a public dispute between Trump and Musk, generating volatility and liquidations, and profit-taking by long-term holders. A confirmed head and shoulders pattern suggests a possible downward move to $95,500-$97,000 if the psychological support of $100,000 is broken.
Bullish factors include institutional accumulation during dips and potential cuts to the Federal Reserve rate if the next U.S. jobs report is weak. A break above the resistance of $107,000 could reignite momentum towards $115K-$125K. The immediate direction depends on employment data and Bitcoin maintaining at $100K.
