Cryptoharian – After a sharp rally since the American General Election (Election) earlier this year, the price of Bitcoin (BTC) now hovers around US$ 105,000. Citing cryptopolitan.com, this figure marks a 45 percent increase in just two weeks following the victory of pro-crypto president, Donald Trump.
However, amid the euphoria, a big question arises. Can BTC sustain above US$ 100,000, or is this just the beginning of a major correction?
BTC Price Analysis as of June 1, 2025
Daily Technical Analysis
The daily chart shows Bitcoin briefly touched the US$ 106,000 level but was held back below the strong resistance at US$ 106,589. The nearest support is seen at US$ 103,050 and if it fails to hold, the price could return to US$ 100,433.
24-hour volume: US$ 902 million, indicating a decline in market interest.
Daily RSI: 52 – indicating neutral-bullish momentum.
4-Hour MACD: Starting to print green histogram, indicating early positive momentum.
Balance of Power: 0.56, short-term buying pressure is beginning to rise.
Mixed Signals in Moving Average
Daily SMA
Buy signals from SMA 3, 5, 50, 100, and 200.
Sell signals from SMA 10 and 21 indicate potential short-term declines.
Daily EMA
All EMAs from the 3-day to the 200-day are still below the current market price, consistently providing Buy signals.
Read Also: XRP Under Pressure, But This Signal Could Be the Key to Reversal
Predictions for June 2025 and Beyond
June 2025
A rally could occur if the price breaks through US$ 106,589, with the next target being US$ 111,679.
Consolidation/bearish scenarios could also happen if BTC breaks below US$ 103,000, in which case the price could return to US$ 97,000.
2025 Predictions
Highest price: US$ 160,000
Lowest price: US$ 68,000
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