Bitcoin is currently trading at approximately $105,464, reflecting a modest gain of 0.5% over the past 24 hours.
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🔍 Weekly Forecast (June 3–9, 2025)
📈 Bullish Indicators
Institutional Accumulation: Large entities continue to accumulate Bitcoin, with the accumulation trend score at 0.88, indicating strong buying interest.
ETF Inflows: Digital asset investment products saw record inflows of $3.3 billion last week, with Bitcoin leading these movements.
Technical Support: Bitcoin has strong support around $105,000, and a breakout above $108,000 could signal a move toward $110,000–$112,000.
📉 Bearish Signals
Potential Pullback: Technical indicators suggest a possible short-term correction, with analysts warning of a dip to $97,000 if bearish patterns materialize.
Resistance Levels: Bitcoin faces resistance near $110,000, and failure to break this level could lead to consolidation or a minor retracement.
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🧠 Analyst Consensus
The overall sentiment for Bitcoin this week is cautiously optimistic. While short-term volatility may lead to minor corrections, the strong institutional demand and technical support levels suggest that Bitcoin could maintain its position above $100,000, with potential to test higher resistance levels if bullish momentum continues.
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✅ Investment Considerations
Short-Term: Monitor key support at $105,000 and resistance at $110,000. A breakout above $108,000 could present buying opportunities.
Long-Term: Analysts project Bitcoin could reach $124,910 by the end of June, indicating a potential gain of over 18% from current levels.
