$BTC

Today, Sunday, June 8, 2025, the price of Bitcoin (BTC) continues to trade above the $105,000 level, having recorded $105,482, with a slight increase of 0.53% over the past 24 hours.

Technically, the Relative Strength Index (RSI) shows low levels indicating a state of oversold conditions, which may open the door for a short-term upward correction. However, the moving averages indicate a short-term downward trend, reinforcing the likelihood of a correction.

On the other hand, the absence of confirmed peak signals suggests the possibility of the upward trend continuing, allowing for further gains. However, support levels at $59,623 and resistance at $62,977 should be monitored, as these levels may determine the market direction in the coming days.

Based on this data, traders are advised to be patient and closely monitor market developments.