As of June 9, 2025, Bitcoin (BTC) is trading at approximately $106,327, reflecting a modest daily gain of 0.47%. However, the market sentiment remains cautious, with analysts observing signs of both bullish and bearish pressures.

In the short term, Bitcoin faces resistance around $108,300, having struggled to maintain momentum above this level after peaking at $112,000 in May. This indicates a potential weakening of short-term bullish momentum .

On the other hand, institutional interest continues to support the market. The launch of Bitcoin ETFs has facilitated easier access for institutional investors, contributing to renewed momentum in the broader crypto market .

In summary, while Bitcoin is not currently in a clear bullish or bearish trend, it is experiencing consolidation with a slight upward bias. Investors should monitor key resistance levels and institutional activity to gauge the market #bitcoin #Bitcoin❗