$BTC

June 7, 2025

Bitcoin is trading near $105,000, slightly down from its recent high of $112,000. The price has entered a consolidation phase, fluctuating between $103K and $106K amid reduced volatility. Technical indicators like RSI suggest momentum is cooling, though strong support levels are holding. Daily trading volume remains healthy, around $40 billion, showing steady interest. Institutional investors are still active—buoyed by ongoing spot ETF inflows—even as retail enthusiasm softens. Analysts view this pullback as a healthy pause after a sharp rally, with potential upside to $115K–$118K if key resistance levels break. Long-term sentiment remains bullish, driven by adoption and macro interest.