On June 8, 2025, the price of Bitcoin moved between $105,000 and $106,000 with moderate volatility waiting for a clear direction to be established. The market witnessed the emergence of a 'Golden Cross' between the moving averages, reinforcing bullish expectations with the possibility of the price reaching $150,000. The price faces strong resistance between $105,800 and $106,900, where breaking through could open the way for additional upside, while breaking the support at $104,000 could lead to a correction towards $100,800.
Momentum indicators such as RSI and MACD indicate support for an upward path, with moderate momentum without reaching overbought conditions. On the decentralized data front, the number of wallets holding more than 1 Bitcoin increased by 15% over the past week, reflecting a growing desire to accumulate. On the other hand, institutional flows continue to move variably, with a continuous net inflow into BlackRock's IBIT fund despite some outflows.
U.S. economic indicators and the improving market environment support investors' inclination towards digital assets as a safe option within calculated risks. Overall, Bitcoin is in a waiting phase for a potential upward breakout, with the importance of monitoring support and resistance levels to determine the immediate direction, while accumulation and institutional trading indicators suggest a positive environment for the medium term.
