$BTC

Here’s the latest update on Bitcoin as of June 9, 2025:

📌 1. Bitcoin Price Update

Current Price: ~$105,481, unchanged on the day, trading in a tight $105k–$106k range—with an intraday high of $106,368 and low of $105,110 .

Range-bound consolidation, but with bullish potential: BTC has formed a symmetrical triangle and is coiling near resistance ($105.8k–$106.9k), a pattern often preceding sharp moves .

🌍 2. Market Drivers & Sentiment

Macro resilience: Despite political drama in the U.S. (Trump-Musk saga, National Guard deployment in L.A.), BTC held firm above $105k, signaling market strength .

Volatility increases: The crypto market saw large swings and liquidations early June—highlighting active whale participation .

🏦 3. Institutional & Regulatory Momentum

Family offices warming up: Nearly 39% are exploring or investing in crypto—reflecting rising institutional confidence .

UK ETNs on table: FCA may lift its six-year ban on bitcoin ETNs for retail, possibly increasing UK investor access .

Corporate treasuries piling in: GameStop added $500 mn BTC; ~80 public firms now hold ~3.4% of total BTC supply .

Trump Media filing: A proposed “Truth Social Bitcoin ETF” could hit NYSE Arca, opening another institutional gateway .

📈 4. Technical Outlook & Price Forecasts

Short-term setup: Consolidation just below resistance; breakout above $106k could trigger a move toward $120k–$125k this month .

Longer-term targets: Analysts (e.g., Bitfinex) see BTC rising to $120k–$125k by June, possibly reaching $150k+ by year-end .

Caution flags: Warning signs from bearish RSI, bearish weekly divergence, and potential 50% correction back toward $64k if momentum fails .

🧩 5. Summary Snapshot

Bitcoin remains solid around $105k, with strong structural support and growing institutional momentum. A clear break above $106k–$107k could fuel a rally toward $120k+, while a breakdown below $105k might trigger a pullback toward $100k or lower.

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