$BTC

As of Monday, June 9, 2025, Bitcoin (BTC) is showing strength, trading generally around $105,700 to $107,700 USD.

Here's a quick overview of its current status:

* Current Price: Reports vary slightly, but it's consistently above $105,000, with some exchanges showing it touching $107,700 and even $107,900. It's seen a modest increase of about 0.5% to 2% over the last 24 hours.

* Recent Action: After a period of consolidation, some analyses suggest Bitcoin is seeing a "V-shaped recovery" or "breakout from consolidation" on shorter timeframes (1-hour, 4-hour charts), pushing upwards. It had previously faced some volatility following the Trump-Musk public feud.

* Support/Resistance: Key resistance levels are being eyed around $108,000 and $110,000. If it can hold above these, a retest of its recent all-time high near $112,000 could be on the cards. Support remains strong around $100,000 to $104,000.

* Outlook: While some analysts suggest a potential short-term correction might occur before further highs (possibly towards $140,000), the overall sentiment remains bullish, with positive signals from moving averages and bullish chart patterns forming. The broader crypto market is also generally in the green today.

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