$BTC

Here’s the latest update on Bitcoin (BTC):

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📊 Price Snapshot (as of now)

Current price: ~$105,678

Daily range: $105,110 – $106,368

Daily change: ~+0.08%

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📰 Major Headlines & Market Drivers

1. Momentum & Technical Levels

Bitcoin recently bounced from $104K to above $105K, showing strength in overcoming short-term bearish setups .

However, it faces resistance near $105.8K–$106.9K, with a symmetrical triangle forming. Breakout could lead above $107K, while a breakdown might revisit $100K support .

On June 8, indicators like stochastic RSI and MACD are mixed—momentum cooling but bounce is holding .

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2. Macro & Political Sentiment

Bitcoin has cooled from its May peak (~$112K) to around $104–105K, influenced by rising bond yields, U.S.–China trade uncertainty, and Trump's public clashes with Elon Musk .

Events like renewed trade dialogues and discussions on tariffs continue to impact risk appetite and crypto dynamics .

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3. Institutional Flow & Forecasts

Optimistic predictions abound: Bitfinex sees BTC reaching $120K–$125K by late June, while experts like Tom Lee eye $150K–$250K by year-end .

Cautious voices warn of an inverse cup‑and‑handle or bearish divergence that could drag BTC back toward $90K–$100K .

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4. Policy & Regulatory Tailwinds

The UK’s FCA is considering retail access to Bitcoin ETNs, while the U.S. is exploring a Strategic Bitcoin Reserve under Trump’s executive orders .

Regulatory clarity and institutional fund flows (notably via ETFs) continue to support structural demand.

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🔍 What’s Next

Scenario Key Levels Outcome

Bullish continuation Break above $107K Targets $110K+, possibly approaching $120K+

Consolidation/Pullback Fails near $106K, drops below $100K Short-term drop to ~$95K; watch $100K support

Macro triggers Fed policy, trade/geo‑political updates Could amplify either rally or correction

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✅ Quick Takeaways

BTC is trading in a tight range around $105K–$106K.

A breakout above $107K could fuel a fresh rally; otherwise, expect.