Bitcoin Updates for Monday, June 9, 2025:
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📈 Current Bitcoin Price
Current price: $106,112.
Daily change: Increase of 0.3% ($318).
Highest price during the day: $106,368.
Lowest price during the day: $105,110.
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🔍 Technical Analysis
Bitcoin is facing strong resistance between $105,800 and $106,900, which is a zone where the 100-period exponential moving average coincides with the upper limit of the Bollinger Bands. If it manages to break through this level, it may head towards $107,000. If the breakout fails, it could see a correction towards $101,000.
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🗞️ Major Influential News
United States and China: A new round of trade negotiations between the two countries is taking place today, which may affect investor sentiment in financial markets, including the cryptocurrency market.
United States: The Chairman of the U.S. Securities and Exchange Commission (SEC) is hosting a discussion today on decentralized finance (DeFi), indicating an increasing interest in future regulations for cryptocurrencies in the United States.
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🔮 Weekly Forecast
According to technical analysis, Bitcoin is expected to test the support level at $91,505, with the possibility of bouncing back to higher levels reaching $137,065 if the upward momentum continues.
