📌 Bitcoin Market Brief — June 8, 2025
1. Price Overview
BTC is currently trading around $105,403
2. Short-Term Moves
Yesterday, Bitcoin bounced to around $105,000–105,500 after briefly dipping to $100k–104K.
The price remains range-bound, with strong support near $100k–$105K and resistance between $107–$112K.
3. Technical Signals
A Golden Cross has appeared, signaling a potential prolonged bull run with 50%+ upside targets (~$150K).
However, RSI shows signs of bearish divergence, prompting caution for a possible retrace to the $64K–$96K zone.
4. On-Chain & Macro Themes
Hash rate remains high , a testament to network strength.
Institutional inflows via ETFs are still supporting price levels, though retail remains subdued.
Regulatory shifts (e.g., UK considering retail ETNs, US Bitcoin Reserve) are fueling long-term optimism.
5. Sentiment & Outlook
Analysts are divided:
Bull case: Technical patterns + macro momentum could push BTC to $120K–$150K by late 2025.
Bear case: Breaking below $100K could trigger deeper correction toward $96K or even $64K.
🔍 Key Levels to Watch
Support: $100K, $95.5K
Resistance: $107K – $112K (spot ATH)
Bull Case: Golden Cross + ETF inflows
Bear Case: RSI divergence, whale sell-off
🧠 Takeaway
Bitcoin is firmly above $100K, holding its position.
The technical setup shows both promise and caution , a Golden Cross points to bull potential, while RSI divergence warns of possible pullback.
Focus on price action around $100K–$107K: holding there suggests upside continuation; breaking below opens deeper downside risk.
> Disclaimer: This is educational, not financial advice. Always do your own research (DYOR).