📈 Bitcoin (BTC) price this week – June 3, 2025
Current Price: $105,450
24h Change: +0.57%
Market Cap: Approximately $2.1 trillion
24h Trading Volume: $48.09 billion
Overview:
Bitcoin is exhibiting resilience, maintaining levels above the critical $105,000 support. After reaching an all-time high of $111,970 in May, BTC has experienced a consolidation phase, with price movements stabilizing around the $105K mark.
Technical indicators suggest a neutral to slightly bullish sentiment. The Relative Strength Index (RSI) hovers around 60, indicating neither overbought nor oversold conditions. The Moving Average Convergence Divergence (MACD) shows a potential bullish crossover, hinting at upward momentum.
🔔 Short-Term Forecast (Next 3–5 Days)
Bullish Scenario:
Resistance Levels: $108,000 and $112,000
A decisive break above $108K could pave the way for a rally towards $112K.
Bearish Scenario:
Support Levels: $105,000 and $100,000
Failure to hold above $105K may lead to a retest of the $100K support zone.
📅 Weekly Outlook:
Analysts anticipate that Bitcoin will trade within the $105K–$112K range in the coming week. A breakout above $108K could confirm a bullish continuation, while a drop below $105K might signal a short-term bearish trend.
Market Sentiment:
The Fear & Greed Index currently reads 58, indicating a state of "Greed." This suggests that investors are optimistic, but caution is advised as market sentiment can shift rapidly.
❗️Conclusion:
Bitcoin is at a pivotal juncture, with key support at $105K and resistance at $108K. Traders should monitor these levels closely, as a breakout or breakdown could set the tone for BTC's performance in the near term.
⚠️ Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
