Bitcoin Price Set to Straddle Key Support Levels This Week
- Bitcoin hovers near critical $104,823 support, poised for volatility.
- Market sentiment remains cautiously optimistic this week.
- Expert forecasts do not predict significant short-term swings.
Bitcoin’s current trading around $104,823 on June 2, 2025, showcases market sentiment amid levels poised between $105,000 support and $110,000 resistance.
Macro implications and expert opinions suggest a volatile trading range, with Bitcoin not expected to rally beyond $110,000 imminently or drop below $100,000 without additional catalysts.
Bitcoin remains near critical levels, trading approximately at $104,823, with potential volatility. Recent analyses highlight $105,000 as a support. Notable figures maintain speculative long-term views, yet no evidence supports a dramatic short-term shift this week.
Key influencers, such as Jack Dorsey and Tom Lee, express long-term optimism but offer no immediate forecasts. Market dynamics show institutional sentiment as “cautiously optimistic”, with steady inflows but lacking dramatic shifts.
Markets watch for liquidity sweeps, with Bitcoin’s influence limited to related derivatives. No significant developer or regulatory movements have been reported, maintaining a primarily range-bound environment in the short term.
Historical data suggest volatility resurgence near past highs, with macroeconomic policy adjustments potentially impacting further rallies. Forecasts indicate a market guided by technical and fundamental catalysts.
“Bitcoin is responding to global liquidity, which is moving up. And I think it’s anticipating a dovish Fed next year, so that’s a tailwind for Bitcoin.” — Tom Lee, Managing Partner, Fundstrat
Institutional strategies emphasize cautious optimism, influenced by external factors like global liquidity trends and anticipated federal policies. Without significant market catalysts, short-term fluctuations remain bounded.
| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
