$BTC

As of June 8, 2025, Bitcoin (BTC) traded between $105,043 and $106,101 during the day, ultimately closing at $106,332, up approximately 0.78%. The current price remains steady above the 25-day moving average (around $106,166), showing strong technical support.

From a technical perspective, if BTC can break through the critical resistance line at $106,500, it may trigger a new wave of bullish momentum pushing the price up to $108,000 or higher. Conversely, if it fails to break through, it may retest the support level at $105,400, or even lower down to around $100,000.

On the fundamental side, despite some social unrest in Los Angeles, the market has not been significantly affected, and overall risk appetite remains stable. ARK Invest predicts that if institutional funds continue to flow in, Bitcoin's long-term potential remains strong, potentially reaching $2.4 million by 2030.

Overall, Bitcoin is currently in a consolidation phase and attempting to break through, showing a bullish pattern. Key observation points are: whether it can break through the resistance at $106,500–$106,800; if successful, it may initiate a new round of upward movement. If it only rebounds briefly, it may retest the support level, so pay attention to the market reactions in the $100,000–$105,000 range.