$BTC 1. Price Snapshot & Technical Levels
Recent bounce: Bitcoin rebounded to just under $104K–$105K after dipping from its all-time high of ~$111.9K on May 22 .
Support & resistance:
Support around $100K–$100.8K (50-day moving average ~ $100.3K; 20-EMA cluster ~ $100.85K–$104K) .
Resistance zone between $107K and $108K; a sustained break above ~$112K could open the path to $120K+ .
---#TrumpVsMusk #MarketPullback $BTC $ETH
🧭 2. Market Drivers & Sentiment
Profit-taking pressure: Traders cashed in near $112K highs, causing a short-term pullback .
Momentum fade: While the 50-day average is at a record high, the narrowing gap to the spot price hints at cooling momentum .
Macro watch: The U.S. jobs report and Fed interest rate moves remain key catalysts .
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🧠 3. Analyst Views & Forecasts
Near-term outlook: CoinDesk flags potential pullback unless Bitcoin breaks above $107K, with bears eyeing $95.5K–$100K .
Bullish predictions: Technical analysts see scope for getting back to $120K in coming weeks .
Long-term targets: Experts expect $125K in June and $150K–$200K by end 2025, with some forecasts even pointing to $250K depending on rate cuts and regulation .
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🌍 4. Broader Crypto & Organizational Moves
Institutional treasuries: Companies like MicroStrategy continue growing Bitcoin balances—US firms held about $60B in BTC .
U.S. strategic reserves: The U.S. government’s Strategic Bitcoin Reserve (executive order in March) supports Bitcoin as a macro asset .
Political-political synergy: The Bitcoin 2025 Las Vegas conference highlighted stronger alignment between political figures (Trump, Vance, Adams) and institutional players like MicroStrategy—raising both optimism and concerns about losing decentralized ethos .
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🗞️ 5. Crypto-wide News Highlights
Singapore tightens licensing for foreign-only token firms .
Kraken warns investors about security risks at crypto events .
Circle's IPO skyrockets as crypto enthusiasm heats up, benefiting from U.S. policy tailwinds .
Pakistan–NY Crypto Council ties strengthen, reflecting global engagement .
