2025-06-05 11:21:42

#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

BTC-4.64%

ATH-5.78%

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