$BTC

🪙 Bitcoin (BTC) Market Summary – June 6, 2025

As of today, Bitcoin (BTC) is trading at $103,475, experiencing a slight decline of approximately 1.1% from the previous close. The intraday high reached $105,888, while the low dipped to $100,781.

Analysts suggest that Bitcoin could face further downward pressure, potentially dropping to $96,000. However, the Relative Strength Index (RSI) may provide support, potentially triggering a rebound. Additionally, prominent analyst John Bollinger has issued a bearish signal, indicating a potential crash if current trends persist.  

The ongoing feud between Donald Trump and Elon Musk has also impacted market sentiment. The global cryptocurrency market capitalization has dipped to $3.21 trillion, with Bitcoin’s price falling below $103,000 amid profit-taking and market uncertainty. 

Despite these challenges, some experts remain optimistic, predicting that Bitcoin could reach $125,000 in June and potentially $150,000–$200,000 by the end of 2025, driven by factors such as increased institutional adoption and favorable regulatory developments.