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#June Market Forecast#
📈 Bitcoin (BTC) Market Analysis – June 5, 2025
Current Price: $104,674
24h Change: −1.01%
Intraday Range: $104,505 – $105,783
🔍 Technical Overview
Trend: Consolidation above $100K
Support Levels: $102,500 / $100,000
Resistance Levels: $107,500 / $111,970 (ATH)
50-Day SMA: At record highs, but momentum is waning as the spread between spot price and SMA narrows
RSI (4H): Neutral (~52)
MACD: Slight bullish crossover forming
📊 Market Sentiment & On-Chain Activity
On-Chain Activity: Record 556,830 new wallets created on May 29; over 241,000 BTC circulated on June 2, indicating heightened network activity
Institutional Interest: Growing, fueled by expectations of Federal Reserve rate cuts amid weak U.S. employment data.
📈 Bullish Scenario
Breakout Above $107,500: Could trigger a rally towards the all-time high of $111,970 and potentially beyond
Analyst Predictions: Some experts foresee BTC reaching $125K in June and $150K–$200K by year-end
📉 Bearish Scenario
Failure to Hold $100K Support: May lead to a correction towards $95K–$98K
Profit-Taking: Ongoing sell-offs by crypto whales could exert downward pressure .
#BTC# #TodayMarket#