🔸 Digital analysis of Bitcoin (BTC) as of June 7, 2025:
🔹 Current price: $104,595.50, up 2.54% over the past 24 hours.
🔹 After retreating below $101,000, Bitcoin bounced back from the support level at $101,500 to reach $104,543 in the late U.S. trading session.
🔹 Technical indicators: .. show a golden cross between the 50-day and 200-day moving averages, which reinforces bullish expectations.
🔹 However: the price is still confined within a short-term descending channel .. indicating the possibility of a continued correction if the support at $103,329 is broken.
🔹 The Fear and Greed Index decreased from 62% to 45%, reflecting a decline in risk appetite among investors.
🔹 ETF flows are mixed: Fidelity recorded net inflows of $22.8 million, while BlackRock and Invesco recorded zero inflows .. indicating a divergence in institutional investor interest.
🔹 Market expectations: indicate the possibility of the price reaching $120,000 in June .. provided that support is maintained above $105,000.
🔸 Summary: Bitcoin shows positive technical signals .. but caution is required due to current volatility, monitoring key support and resistance levels is essential for making informed investment decisions … |
