2025-06-06 00:09:38

#PI [Technical Analysis]

Bitcoin (BTC) struggles below the resistance level of 105K dollars – June 6, 2025

As of June 6, 2025, the price of the Bitcoin (BTC) is between $101,662, down about 24% in the last 3 hours. From a technical point of view, BTC is still in a consolidation phase after failing to break through the strong resistance level in the $105,000 area. The RSI indicator on the 4-hour timeframe shows a value of around 54, reflecting a neutral momentum with no buyers or sellers dominating. Price is currently above the MA50 but below the MA20, which is key to a potential breakout. If BTC is able to break through and stay above $105,000 with high volumes, the potential upside for the next resistance level of $110,000 is open. Conversely, if it fails to sustain the $100,000 support level, a correction to the $98,000 to $95,000 area is likely. Market participants are advised to be wary of volatility, especially ahead of the Fed's interest rate decision next week.

#BTC ETF Accepted as Loan Collateral #June Market Forecast #btcbearish #market analyst

PI-0.59%

BTC-3.2%

MA-10.64%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.