$BTC As of June 7, 2025, Bitcoin (BTC) is trading at approximately $104,856, reflecting a modest 2% increase over the past 24 hours. Despite recent volatility, BTC maintains its position above the critical $100,000 support level, demonstrating resilience amid market fluctuations.
In May, Bitcoin reached an all-time high of nearly $112,000, driven by strong institutional demand and favorable macroeconomic conditions. However, recent tensions between prominent figures like Donald Trump and Elon Musk have introduced uncertainty, contributing to a slight pullback in prices.
Technical analysts suggest that if Bitcoin can break through resistance levels around $108,000, it may target $120,000 in the near term. Conversely, a drop below $100,000 could signal a potential correction.
