✅ $BTC

Bitcoin Update – June 7, 2025

Bitcoin is trading near $105.5K, after a dip to ~$104K and swift recovery. Short-term technicals show a bearish head‑and‑shoulders pattern, with immediate support at $104K and resistance near $107K.

Meanwhile, on-chain data reveals shrinking exchange reserves—a hint of potential bullish supply squeeze.

Watch for a breakout above $107K for signs of renewed rally, or a drop below $104K if bearish pressure increases.

Market participants should stay alert to volume and macro-economic headlines.