As of June 5, 2025, Bitcoin (BTC) is trading at approximately $104,729 USD.
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📊 Technical Overview
50-Day Simple Moving Average (SMA): BTC's 50-day SMA has reached a record high, indicating a bullish trend. However, the narrowing spread between the spot price and the 50-day SMA suggests potential for a price correction of at least 10% .
Relative Strength Index (RSI): Recent data indicates that $BTC is attempting to offload its oversold conditions, with the RSI showing signs of recovery after reaching oversold levels .
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📈 Support and Resistance Levels
Support Levels:
$104,000: A critical support level where BTC has shown stability and gained positive momentum .
$100,800: A potential support level if the $104,000–$105,000 range fails to hold .
Resistance Levels:
$107,245: A $BTC resistance level that, if tested and broken, could indicate further upward movement .
$112,000: Breaking above this level could push BTC toward $120,000 or higher by mid-to-late June .
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🔮 Price Predictions
Short-Term (June 2025): Analysts predict BTC could reach $125,000 in June, with potential for $150,000–$200,000 by year-end, depending on market momentum and macroeconomic factors .
Mid-Term (End of 2025): Predictions vary, with some experts forecasting $BTC to hit $150,000, while others suggest a more conservative estimate of $133,735.63 by 2030.
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