Bitcoin Price Forecast: BTC bears aim for $100k as escalation in Russia-Ukraine war sparks risk-off sentiment
Bitcoin's current price is $104,155.95, with a slight decrease from its closing price of $105,292.02 on June 2, 2025. However, another reliable source indicates the current price is around $104,106.36, with a 1.03% increase over the last day.
*Key Statistics:*
- *Current Price*: $104,106.36
- *24-hour Low*: $103,727.55
- *24-hour High*: $105,930.65
- *Market Cap*: $2.06 trillion
- *Volume (24h)*: $43.38 billion
- *Total Supply*: 19.87 million BTC
- *Max Supply*: 21 million BTC
*Market Trends:*
Bitcoin's price has been affected by geopolitical tensions, particularly the escalation of the Russia-Ukraine war, which has driven investors towards safe-haven assets. This has resulted in a risk-off sentiment, negatively impacting Bitcoin's price. Additionally, Bitcoin spot ETFs recorded a mild outflow of $157.40 million last week, breaking a long-standing streak of weekly inflows.¹
*Forecast:*
Analysts predict that Bitcoin's price could decline further, potentially reaching $100,000, due to weakening institutional demand and rising geopolitical uncertainty. However, if Bitcoin recovers and closes above $106,406, it could extend its rally towards its all-time high of $111,980.
*Recent Developments:*
- MetaPlanet, a Japanese investment firm, has purchased an additional 1,088 BTC, bringing its total holdings to 8,888 BTC.
- Bitcoin's historical data suggests that June is typically a challenging month for the cryptocurrency, with an average loss of 0.30%.
