Here’s the latest on Bitcoin (BTC):
Stock market information for Bitcoin (BTC)
The price is 108470.0 USD currently with a change of 2258.00 USD (0.02%) from the previous close.
The intraday high is 108470.0 USD and the intraday low is 105426.0 USD.
📌 Market Snapshot
24‑Hour Change: + 2,258 (+2.13%) from previous close (blockchain.news, coinpedia.org)
Intraday Range: USD 105,426 – 108,470
🔍 Key Highlights & Market Drivers
1. Support Above USD 105K
BTC continues to trade above the critical USD 105K level, suggesting bullish investor sentiment. Analysts note that as long as it holds weekly closes above USD 109,400, the upward trajectory remains intact (coindesk.com).
2. The Waiting Game: CPI & Volatility
US June Consumer Price Index (CPI) data, due June 11, is a macro wildcard. A hotter-than-expected print could trigger a pullback into the USD 100K–104K range .
Markets are bracing for short-term volatility ahead of the release (cointelegraph.com).
3. Bullish Patterns in Play
Technical charts reveal bullish formations like cup‑and‑handle and bull‑flag patterns, pointing to a possible breakout above USD 140K in the months ahead (cointelegraph.com).
4. Institutional Adoption & Policy Tailwinds
Big players (Coinbase, MicroStrategy, Circle) continue accumulating BTC and related stocks (barrons.com).
The U.S. government—under new crypto-friendly policy—established a Strategic Bitcoin Reserve, signaling confidence in BTC as a national asset (en.wikipedia.org).
⚖️ What Could Move the Market Next?
CatalystPotential ImpactJune 11 CPI reportCould swing BTC between USD 100K and USD 112K+Technical breakoutSustained weekly closes above USD 109K → potential climb to USD 130–150KBearish signalsBearish RSI divergence might trigger retrace toward USD 64K–100K (cointelegraph.com)
📅 Strategy Insights
Short-Term: Watch CPI outcome—set tight stop-losses around USD 104K–105K.
Mid-Term: If support holds, technical setups point toward USD 130–150K upside.
Risk Check: Onchain and RSI warnings suggest readiness for sudden downdrafts.
🔎 Context Overview
BTC hit an all-time high of USD 111,970 on May 22, 2025 (en.wikipedia.org).
Growth in onchain accumulation and institutional flows supports a bullish outlook (blockchain.news).
📌 Summary
Bitcoin is trading strongly above USD 105K and forming bullish technicals, supported by institutional demand and favorable U.S. regulatory developments. The upcoming CPI data on June 11 is a pivotal short-term catalyst. Depending on its outcome, BTC may either dip into the USD 100K range or resume its breakout run toward USD 140K+. Stay alert to key technical levels and macro indicators.