Here’s the latest snapshot on Bitcoin (₿ / BTC) as of today, June 8, 2025:
Stock market information for Bitcoin (BTC)
The price is 105690.0 USD currently with a change of 478.00 USD (0.00%) from the previous close.
The intraday high is 105904.0 USD and the intraday low is 105110.0 USD.
📈 Price & Market Trends
BTC is trading around $105,690, having fluctuated between $105,110–$105,904 intraday (reddit.com, coingecko.com).
The 24-hour volume is roughly $35–38 billion, with a market capitalization exceeding $2.1 trillion (coinmarketcap.com).
Strong weekly support around $105k—a move above ~$106.6k could confirm a bullish trend on the daily chart (cointelegraph.com).
🧠 Short-Squeeze & Technical Outlook
Analysts highlight a potential $15 billion short squeeze if BTC rallies ~10% from current levels—indicative of built-up short positions below (cointelegraph.com).
A daily close above the 10‑day SMA is seen as key to bolstering bullish momentum (cointelegraph.com).
However, broader tech-related market pressure (e.g., Trump–Musk headlines) may introduce downside risk (coindesk.com).
🧩 Institutional Perspective
Michael Saylor reiterates his long-term bullish outlook, citing tight supply (approx. 450 BTC/day) and growing institutional adoption—especially via treasury-centric models and anticipated spot ETFs .
⚠️ Caution: Bearish Patterns & Warnings
Some chart patterns—like bearish RSI divergence and an inverse cup-and-handle—suggest a potential drop toward $64k without a strong breakout (cointelegraph.com).
🧭 Quick Summary
FactorStatusTrendBullish above ~$106.6k; cautious below daily moving averageShort squeeze riskHigh, given ~$15 B of shorts near current priceVolume & liquidityStrong, with ~$35–38 B traded dailyInstitutional demandBuilding, driven by institutions and potential ETFsTechnical warningBearish divergence could cause deeper correction toward $64k
💡 What You Can Do
For Traders: Watch for a daily close above $106.6k to confirm bullish momentum. If not, manage risk around key support areas.
For Investors: Keep tabs on institutional activity—ETF developments and treasury buy-ins could shift fundamentals.
For Both: Stay updated on macro headlines (e.g., political news, tech market moves) that could impact crypto markets.