MGool | DG
@dguly
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As of June 5, 2025, the price of Bitcoin (BTC) is approximately $104,621, marking a 0.72% decline from the previous day. Despite the recent minor pullback, BTC has remained above the $100,000 level for 27 consecutive days—setting a new all-time record and demonstrating the market’s resilience.
Current Price Trend and Technical Analysis:
Key Resistance: BTC is currently consolidating below $105,000, facing a major resistance at $107,500. A breakout above this level could pave the way for a retest of the all-time high at $111,970.
Support Level: If BTC falls below $100,000, it may trigger a deeper correction, with potential downside targets near the $97,000 region.
Technical Indicators: The Relative Strength Index (RSI) is hovering around 68, approaching the overbought zone, indicating a possible short-term price correction. Moving averages have flattened, suggesting increased market uncertainty 0 reply
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