Technical Analysis of Bitcoin $BTC
Here is an updated technical analysis for Bitcoin (BTC) as of June 3, 2025:
Bitcoin (BTC)
$106,351.00
+$2,010.00(+1.93%) today
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5:35 PM
📊 Current Price Situation
Current Price: $106,351
Daily Change: +$2,010 (+1.92%)
Highest Price of the Day: $106,809
Lowest Price of the Day: $104,306
🔍 Technical Analysis
1. Moving Averages
The moving averages indicate strong sell signals in the short and medium term. The MACD indicator shows a negative value, reflecting bearish momentum. The 20, 50, 100, and 200-day moving averages are all above the current price, indicating strong resistance. goldcopytrading.com
2. Relative Strength Index (RSI)
The RSI shows a value of 43.96, indicating a neutral state. This means the market is neither in overbought nor oversold territory, leaving room for price fluctuations. tipranks.com
3. Trading Volume
The trading volume reached $44.79 billion, indicating strong trading activity. High trading volume may contribute to price stability if supply and demand are balanced. $BTC
4. Support and Resistance Levels
Support: $94,909
Resistance: $99,504
Breaking any of these levels could indicate the price direction in the coming days.
