📊 Bitcoin Market Analysis – June 4, 2025

As of today, Bitcoin (BTC) is trading at $105,391, marking a slight drop of 1.1% over the past 24 hours. The price reached an intraday high of $106,561 and a low of $104,648.

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🔍 Technical Overview:

Support Zone: $102,500 – $104,000

Resistance Zone: $107,000 – $112,500

Trend: Short-term bullish inside a wider consolidation range

RSI: 62 – suggesting moderate bullish momentum

MACD: Bullish crossover visible, indicating upward bias

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📈 Market Sentiment:

Large wallet holders have recently increased their BTC accumulation significantly. Overall sentiment leans positive, with increased activity in the derivatives market and a growing interest in long positions.

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📊 Price Outlook:

A confirmed breakout above $107,000 could lead to a rally toward $112,500.

A drop below $102,500 may push BTC to test the $100,000 psychological support.