$BTC bearish today 🤑😜🤑Trade now 🤑
Yes, Bitcoin (BTC) is exhibiting bearish behavior today, June 5, 2025.
has declined by approximately 1.6% over the past 24 hours, trading around $103,385. It dipped below the critical $105,000 support level, reaching an intraday low of $103,383. This downturn is attributed to increased profit-taking and waning retail demand .
Technical indicators support this bearish outlook. A head-and-shoulders pattern has emerged, suggesting potential further declines . Additionally, the Relative Strength Index (RSI) has fallen below 50, indicating weakening momentum .
Analysts are monitoring the $100,000 level as the next significant support. A breach below this could signal a deeper correction .
Despite the current bearish trend, some analysts note that $BTC is attempting to stabilize above the $104,000 mark, which could serve as a short-term support . However, sustained recovery would require a strong rebound above the $107,500 resistance level