📈 Bitcoin Rebounds to $103,800: Reversal in Sight or Just a Relief Rally? 🚀

📅 June 6, 2025

After dipping as low as $101,000, Bitcoin has rebounded to $103,800, sparking renewed interest among traders and analysts. Is this the start of a new uptrend—or just a temporary bounce?

📊 Latest Technical Overview:

• Current Price: ~$103,800

• Key Support: $101,000

• Immediate Resistance: $106,000

• RSI (Daily): 58 — suggests room to move higher before overbought conditions

• MACD (4h): Bullish crossover — indicates positive short-term momentum

🔍 Market Sentiment:

The bounce is supported by rising institutional activity and a rebound in global equities. On-chain data shows decreasing selling pressure, hinting at potential short-term stabilization.

💬 What’s Your Take?

Is Bitcoin gearing up for a full recovery?

Or could we see another test of the $100K level before liftoff?

👇 Drop your thoughts in the comments!

#bitcoin #BTC #CryptoMarket #priceanalysis #TechnicalAnalysis