$BTC 📉 Bitcoin wavers after political tensions and profit-taking
Bitcoin has experienced a significant drop, falling below $101,000 on Friday, June 6, 2025. This decline is attributed to the increasing macroeconomic uncertainty and tensions between prominent figures like Donald Trump and Elon Musk, which have negatively impacted investor confidence in the crypto space.
Despite the recent correction, some analysts see this as a healthy adjustment in a market that had experienced one of the fastest rallies in cryptocurrency history. This pullback is considered to potentially offer opportunities for new investors or for those looking to increase their positions.
Immediate support levels are at $100,000 and $95,500, while a climb above $107,000 would be necessary to reverse the current bearish outlook.
It is essential to closely monitor market conditions and be prepared for possible volatile movements in the short term.
