As of June 6, 2025, #BTC is trading at approximately $103,938, reflecting a slight decline of 1.67% over the past 24 hours.
š Market Outlook
#Bitcoin recently achieved an all-time high of $111,000 but has since experienced a pullback, finding support around the $101,500ā$102,000 range. Technical indicators, such as the 50-day and 200-day moving averages, continue to #trend upward, suggesting a bullish long-term trajectory. However, short-term momentum remains cautious, with the Relative Strength Index (RSI) in neutral territory and the Moving Average Convergence Divergence (MACD) showing bearish divergence.
š® Price Predictions
Short-Term (June 2025): Analysts anticipate Bitcoin trading between $100,000 and $120,000 this month. A breakout above $112,000 could propel prices higher, while a drop below $104,000 might test support near $100,800.
Mid-Term (End of 2025): Forecasts vary, with some experts predicting prices between $150,000 and $200,000, driven by factors like institutional adoption and favorable macroeconomic conditions. Investment firm H.C. Wainwright projects a potential peak of $225,000 by year-end.
š¢ Institutional Adoption
A growing number of companies are incorporating #BTC into their corporate treasuries. For instance, Strategy holds approximately 554,000 bitcoins, and firms like GameStop and #TRUMP Media & Technology Group have made substantial Bitcoin investments. Analysts estimate that corporate demand for Bitcoin could generate $330 billion in inflows by 2029.
ā ļø Risks and Considerations
While the long-term outlook for Bitcoin appears bullish, short-term volatility remains a concern. Potential risks include regulatory changes, macroeconomic shifts, and market sentiment fluctuations. Investors are advised to stay informed and consider these factors when making investment decisions.
