$BTC

BTC: Bullish Momentum with Overbought Alert (June 6, 2025)

Bitcoin ($104,746.05) is experiencing strong bullish momentum, with a 2.55% increase in the last 24 hours and trading close to its daily high ($105,333.00). The volume of $1.54 billion USDT supports this rise, indicating high liquidity and market participation.

From a technical analysis perspective, the Bollinger Bands show the price near the upper band, and the MACD confirms a robust buying momentum with its positive histogram. However, the RSI (6) at 65.80 suggests that BTC is entering overbought territory.

Final Conclusion:

Bitcoin is in a short-term bullish position, driven by market interest. Nonetheless, the RSI's overbought signal and its proximity to the upper Bollinger Band indicate that a pause for consolidation or a slight correction could be imminent before the price attempts new highs. Investors should be alert to a potential short-term profit-taking.