$BTC As of June 8, 2025, Bitcoin (BTC) is trading at approximately $106,005 USD, reflecting a modest 0.4% increase over the previous day. The intraday price fluctuated between $105,110 and $106,023, indicating a period of consolidation.
Market sentiment remains cautious, with Bitcoin's price hovering near the $105,500 mark. Analysts suggest that a breakout above $106,900 could signal a bullish trend, while a dip below $105,000 might lead to further declines. The current market capitalization stands at $2.09 trillion, with a 24-hour trading volume of $15.81 billion .
Despite recent ETF outflows and a neutral fear and greed index, the decreasing supply of Bitcoin could potentially trigger a rebound in the near future . Additionally, MicroStrategy has accumulated 1% of the total Bitcoin supply over the past seven months, signaling strong institutional interest .
In summary, while Bitcoin's price shows signs of stability, market participants are closely monitoring key resistance and support levels to gauge the next significant move.