$BTC

Update on Bitcoin price forecast today 06-05-2025 $BTC

The price of Bitcoin (BTCUSD) has slightly declined in its recent trading, affected earlier by breaking a major upward trend line in the short term, with continued negative pressure resulting from trading below its simple moving average for the last 50 periods. In addition, we notice the beginning of negative signals from the relative strength indicators after entering into overbought areas compared to price movement, which adds further pressure.