Bitcoin Price Update (June 10, 2025)Current Price and Market Sentiment:As of June 10, 2025, Bitcoin (BTC) is trading around $106,000, following a period of consolidation after reaching an all-time high of $111,970 on May 22, 2025. The price has shown resilience above the $100,000 psychological level, supported by strong institutional accumulation and decreasing exchange reserves.Recent reports indicate Bitcoin closed above $106,000 following U.S.-China trade talks in London, suggesting a positive response to easing trade tensions.However, Bitcoin faces short-term resistance at the $106,000–$107,000 range. A clean breakout above this could push BTC toward $113,000, while a drop below $101,000 may lead to a retest of the $100,000 support level.Recent News and Developments:Institutional Adoption:U.S. spot Bitcoin ETFs saw significant inflows, with 50,362 BTC purchased in May, bringing total holdings to 1,205,626 BTC.Companies like BlackRock, Strategy (formerly MicroStrategy), and GameStop continue to add Bitcoin to their corporate treasuries, reinforcing bullish sentiment.El Salvador, Metaplanet, and other entities are also stacking Bitcoin, indicating long-term confidence.U.S. Strategic Bitcoin Reserve:On June 8, 2025, Rep. Burchett introduced HR 3798 to establish a U.S. Strategic Bitcoin Reserve, aiming to codify digital asset stockpiling into law. This move signals growing governmental support for Bitcoin.Stablecoin Legislation:At the Bitcoin 2025 conference in Las Vegas, discussions around stablecoin legislation gained traction, with U.S. officials like Sen. Cynthia Lummis pushing for a cloture vote to advance a bill streamlining payment rails for digital dollars. This could indirectly bolster Bitcoin’s ecosystem.Market Dynamics:Bitcoin’s price has been influenced by macroeconomic factors, including U.S. Treasury yields and trade policy uncertainties. A recent drop in 10-year Treasury yields to 4.42% suggests increased buying activity in safe-haven assets, which may support BTC.The crypto market cap is currently at $3.33 trillion, with Bitcoin showing resilience despite a 4.1% market cap dip earlier in June.Analysts note a potential “altseason,” with over 80% of altcoins outperforming Bitcoin, indicating Bitcoin’s price stabilization could be paving the way for altcoin rallies.Price Predictions for June 2025:Bullish Scenario: Analysts from Bitfinex and others project Bitcoin could reach $120,000–$125,000 by the end of June if it maintains support above $105,000, driven by institutional interest and potential Federal Reserve rate cuts.Bearish Scenario: If bearish pressure increases, Bitcoin could test the $95,000–$100,000 support zone, especially if the upcoming U.S. Consumer Price Index (CPI) data on June 11, 2025, shows higher-than-expected inflation.Long-Term Outlook: Some analysts, including those from Standard Chartered and VanEck, predict Bitcoin could hit $180,000–$250,000 by year-end, fueled by rising institutional demand, ETF inflows, and global liquidity expansion.Technical Analysis:Bitcoin is showing bullish signals on the four-hour chart, with both the 50-day and 200-day moving averages rising, indicating strong short- and long-term trends.A “Golden Cross” formation and strong support near $100,000 suggest a potential breakout, with the June 11 CPI report being a key catalyst. A lower-than-expected CPI could trigger a 70–170% surge, potentially pushing BTC to $168,000 this year.However, technical indicators like RSI, MACD, CMF, and DMI suggest a possible short-term bearish reversal, indicating a correction toward $99,000–$101,000 before further upside.Key Events to Watch:U.S. CPI Report (June 11, 2025): A lower-than-expected inflation reading could boost expectations for Federal Reserve rate cuts, fueling bullish momentum for Bitcoin.Stablecoin Legislation Progress: The cloture vote on stablecoin legislation could enhance the crypto market’s infrastructure, indirectly supporting Bitcoin.Institutional Moves: Continued ETF inflows and corporate treasury adoptions could sustain Bitcoin’s upward trajectory.Sentiment on X:Posts on X reflect mixed sentiment. Some analysts like @rektcapital suggest Bitcoin is in a retest phase, aiming to confirm a price discovery uptrend. Others, like @Ashcryptoreal, highlight a cup-and-handle pattern, predicting a 25–30% rally if BTC closes above $110,000.@CredibleCrypto notes Bitcoin’s support zone, emphasizing its significance for further a by institutional , upcoming $107,000 could signal may , let me know!