As of June 3, 2025, Bitcoin (BTC) is trading around $105,164, reflecting a modest intraday gain of approximately 0.27%.
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📊 Technical Analysis: Support & Resistance Levels
Resistance Zones:
$106,000–$106,500: This $BTC range has repeatedly acted as a ceiling, with multiple rejections observed in recent sessions.
$108,800: A breakout above $106,000 could pave the way toward this level.
$111,980: Identified as a triple-top resistance on the daily chart, marking a significant hurdle for bulls.
Support Levels:
$104,200: Immediate support, crucial for maintaining the current bullish structure.
$103,000–$104,000: A demand zone that has provided a strong base during recent pullbacks.
$100,888: $BTC stronger support level, with a breakdown below this potentially signaling a shift in market sentiment.
Indicators:
RSI (Relative Strength Index): Currently around 52, indicating neutral momentum.
MACD (Moving Average Convergence Divergence): A bullish crossover observed earlier today suggests potential upward momentum.
Bollinger Bands: Tightening on the 4-hour chart, indicating a potential volatility expansion soon.
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🔮 Price Predictions for June 2025
Short-Term Outlook: $BTC Analysts anticipate a possible dip before a breakout, with a projected target of $125,000.
Mid-Term Forecasts:
Changelly: Predicts a potential rise to $137,260, with a floor around $104,707.
CoinDCX: Expects a rebound toward $110,000, contingent on a breakout above $108,000.
Long-Term Projections:
Investors.com: Analyst Joel Kruger envisions a bullish trend possibly pushing Bitcoin toward $145,000.
MarketWatch: Historical patterns
suggest a potential peak around $150,000 in 2025.
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