$BTC

The crypto market on June 8, 2025, finds itself in a fascinating consolidation phase, with Bitcoin ($BTC) hovering around the $105,000-$106,000 range. This sideways movement, while seemingly quiet, often precedes significant moves, making today a crucial day for traders to watch key support and resistance levels.

Bitcoin ($BTC) Breakdown:

* Current Sentiment: Bitcoin is currently consolidating, indicating a period of indecision. However, a "V-shaped recovery" has been observed since June 6, suggesting some underlying bullish momentum.

* Key Resistance: The primary resistance for $BTC to overcome is around $106,800. A sustained break above this level, ideally with strong bullish volume, could signal a fresh upward leg. Further resistance levels to eye are $107,000-$108,000, and potentially even $108,850.

* Key Support: Immediate support for $BTC is forming at $104,500-$105,000. A dip to this range, especially with declining sell volume, could present a scalp buy opportunity. If the 4-hour level breaks below $105,230, we might see a small-scale correction towards $104,600-$103,795-$102,830.