#TrumpVsMusk
Bitcoin reaches price targets below 100,000 dollars, while the RSI is "a week" away from new lows.😱✨✨
Expectations for the price of Bitcoin are falling in line with a new test of the 100,000 dollar support.
Key points:
Bitcoin is heading towards lower lows amid the decline of the RSI and a new test of the 100,000 dollars.
Traders have little hope that the price of BTC will quickly recover and return to higher levels, as Trump and Musk fuel uncertainty.
Data from the U.S. labor market will inject new volatility on June 6.
Bitcoin BTC 91,044 € returned to 103,000 dollars before the opening of Wall Street on June 6, when the markets recovered from sudden losses.
🔸Trader: "The price drop of BTC has begun".✨✨
Data from Cointelegraph Markets Pro and TradingView showed that the BTC/USD pair maintained the upward trend after reversing at 100,500 dollars at the daily close on June 5.
A public discussion between U.S. President Donald Trump and SpaceX CEO Elon Musk was the cause of the volatility, as accusations from the latter triggered over 300 million dollars in cryptocurrency liquidations.
