$BTC Here’s a concise yet informative post about Bitcoin (BTC) based on the latest data and insights from the search results:
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**🚀 Bitcoin ($BTC) Update – June 7, 2025**
**Price & Performance**
- **Current Price**: $104,955.02 (up 2.34% today) .
- **Recent Movement**: Rebounding from a dip near $100K, now testing resistance at $105,800 .
- **Market Cap**: $2.086 trillion, with 19.88M BTC in circulation .
**Key Highlights**
1. **Bullish Signals**: Analysts like Michaël van de Poppe note Bitcoin’s strength after retesting $100,739, predicting a breakout above $105.8K . PlanB calls BTC "very undervalued," targeting $250K–$1M this cycle based on stock-to-flow scarcity metrics .
2. **Macro Factors**: Trump’s renewed push for Fed rate cuts could fuel further gains, though strong labor data tempers immediate expectations .
3. **Liquidity Watch**: Traders warn of a potential "liquidation trap" below $102K, but absorption of sell pressure suggests resilience .
**Did You Know?**
- Bitcoin’s 52-week range: $49,121.24 – $111,970.17 .
- Each BTC is divisible to 100 million satoshis, enabling microtransactions .
**Stay tuned for volatility as BTC eyes new highs!**
*Sources: Coindesk, Yahoo Finance, DailyHodl, Cointelegraph*
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