Today (June 7, 2025), the price of Bitcoin (BTC) is fluctuating around $104,000, slightly rebounding from yesterday, but still has not broken through the resistance level of $105,000. According to CoinMarketCap data, BTC has dropped about 0.5% in the past 24 hours, with trading volume surging to $62.79 billion, indicating high market activity. Recently, the public disagreement between Trump and Musk has put pressure on the cryptocurrency market, leading to cautious investor sentiment. Some analyses suggest that market panic has triggered sell-offs, causing BTC to drop to a low of $100,400 at one point. Glassnode data shows that on-chain transactions reflect a trend of holders taking profits, and further corrections may be faced in the short term, with support levels at $100,000 and $95,500. Nevertheless, the long-term outlook remains optimistic, with Tim Draper predicting that BTC could reach $250,000 by the end of the year, driven by trade agreements and Web3 development. However, technical analysis indicates that if BTC cannot break through $106,400, it may continue to fluctuate or drop to $98,000. The market is currently in a consolidation phase, and investors need to pay attention to U.S. employment data and the impact of cryptocurrency options expirations on prices. Overall, Bitcoin is experiencing significant short-term volatility, but its long-term potential is still viewed positively.