📊 Bitcoin Market Analysis – June 5, 2025

As of today, Bitcoin (BTC) is trading at $104,900, 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.
---
🔍 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
---
📈 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.
---
📊 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.