$BTC
📊 BTC/USDT Market Update – June 8, 2025
🚦 Price Overview
• Current Trading Range: Bitcoin is consolidating between $104k–$106k, holding steady after a brief correction—$105,748 at Binance, hovering slightly down (~–0.4%) 24‑hour change  .
• Key Levels:
• Resistance at $106,800–$108,000, with the all-time high ($111,980) setting the next big target .
• Support near ~$104k and ~$100k remains intact, offering a solid foundation .
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🧠 Technical & Pattern Signals
• A Golden Cross—a bullish 50-day moving average crossing above the 200-day—appeared in early June. Historically, this pattern precedes a ~62% surge after a ~10% correction, hinting at a potential rally to ~$150k .
• BTC has retraced ~7–8% from its peak near $112k and is stabilizing within a corrective range—suggesting a healthy market pullback, not a reversal .
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🔄 Volume & On-chain Insights
• Trading Volume: BTC/USDT volumes surged ~18–20%, with spot volumes around $2.1 b and order book showing tightening spreads, reflecting rising institutional/retail interest .
• On-chain Metrics: Notably, wallets holding ≥1 BTC increased ~15%, a bullish accumulation signal .
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💡 Institutional & Macro Context
• Macro Drivers: Rising bond yields from tariff/legal uncertainty caused a ~7% pullback from $111.9k to ~104k. Despite this, the correction is largely seen as soothing rather than worrying .
• Institutional Confidence: Experts forecast BTC reaching $120k–$125k by end-June, with year-end targets of $150k–$200k as macro factors (Fed cuts, ETF inflows) align .
