$BTC

📊 #BTC Price Analysis & Prediction

🗓️ June 8, 2025

#Bitcoin $BTC #Crypto #BinanceSquare

🔹 Current Price: $106,300

🔹 Trend: Strongly Bullish

🔹 Market Sentiment: High momentum, driven by ETF inflows and institutional demand

🔍 Technical Analysis

Support Levels:

🟢 $102,000 – Recent breakout retest zone

🟢 $96,500 – Previous consolidation ceiling

Resistance Levels:

🔴 $110,000 – Psychological barrier + Fib extension zone

🔴 $118,000 – Parabolic target zone from current move

📈 RSI: 74 (approaching overbought)

📊 MACD: Strong bullish momentum

🕯️ Candlestick Patterns: Large-bodied green candles, potential continuation

🔮 Price Prediction (Short-Term: Next 7–10 Days)

Bullish Target: $110K–$118K if momentum continues and ETF flows remain strong

Pullback Risk: $102K–$100K – Healthy retest likely before further upside

Invalidation Level: Below $96.5K (would signal a deeper correction)

> 📌 Strategy Tip: Consider partial profit-taking above $110K, watch for short-term bearish divergence on lower timeframes.

🧠 Sentiment Drivers:

Continued spot ETF demand from U.S. and Asia

Supply squeeze post-halving in full effect

Institutional adoption narratives gaining traction

⚠️ Disclaimer:

This content is for educational and informational purposes only and does not constitute financial advice. Always DYOR (Do Your Own Research) and consult a licensed financial advisor. Crypto markets are highly volatile — invest responsibly.