$BTC Market Update – June 8, 2025

Bitcoin ($BTC) is currently trading near $71,200, showing signs of consolidation after a strong rebound from the $68,500 support zone. Bulls are holding key moving averages, while RSI hovers around neutral, indicating a potential for volatility ahead. A breakout above $72,500 could trigger a push toward $75,000, while failure to hold support may invite a retest of $67,800. Market sentiment remains cautiously bullish, fueled by institutional interest and low exchange reserves. Traders are watching the upcoming U.S. inflation data and Fed policy outlook, which could drive sharp moves. Keep an eye on volume and dominance indicators for confirmation.