$BTC

As of June 6, 2025, Bitcoin (BTC) is trading at approximately $104,047, reflecting a slight decline of about 1.2% over the past 24 hours. This positions BTC roughly 7% below its all-time high of $111,980 reached in May.

Market Overview:

Consolidation Phase: BTC is currently consolidating within a narrow range of $103,750 to $106,750, indicating a period of price stabilization following recent volatility.

Technical Indicators: The Hash Ribbons metric, a historically reliable indicator, has flashed its third 'buy' signal of 2025, suggesting potential bullish momentum.

Investor Sentiment: Despite the recent dip, investor sentiment remains cautiously optimistic, with many viewing the current price levels as a healthy correction within a broader uptrend.

Short-Term Outlook:

Support Levels: Immediate support is observed around the $100,000 mark, a psychological threshold that could attract buying interest if tested.

Resistance Levels: On the upside, BTC faces resistance near $108,000. A decisive break above this level could pave the way for a retest of the all-time high.

Mid to Long-Term Projections:

June Targets: Analysts predict that BTC could reach between $120,000 and $125,000 by the end of June, contingent on favorable macroeconomic conditions and sustained institutional interest.

Year-End Forecasts: Projections for the end of 2025 vary, with some experts anticipating prices between $150,000 and $200,000, driven by factors such as global liquidity expansion and supply-demand dynamics.

Conclusion:

Bitcoin is currently in a consolidation phase, with technical indicators and investor sentiment suggesting potential for upward movement. However, traders should remain vigilant of key support and resistance levels, as well as macroeconomic developments that could influence price action.