# btcbulish

521

#BTCPriceUpdate
The price of Bitcoin (BTC) as of June 4, 2025.
On Wednesday, June 4, 2025, the price of Bitcoin (BTC) was recorded at Rp1,721,325,650.48, experiencing a decrease of 0.27% in the last 24 hours and 3.11% over the week.
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🔍 Analysis of Bitcoin Price Movements
1. Current Market Conditions
Bitcoin briefly reached a peak of around $111,880, but is currently trading around $105,000. This decline is influenced by profit-taking actions and distribution pressure from miners.
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2. Technical Analysis
• Strong Support: $103.050
• Nearest Resistance: $106.589
• RSI (14-day): 65.44

BTC2,27%

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TradeTimeline

02-05 18:50

BTC
96,716.2
-2.69%
Current Price: $96.850 (-2.28% in 24h)
Key Observations:
1. Support level around $96.150 (24h low).
2. Nearest resistance at $100.777 (24h high).
3. Moving Averages (MA) are in a bearish phase:
- MA7 (97.955) below MA25 (98.598)
- MA99 still above at 102.452
Technical Indicators:
- MACD is showing positive signs (9.36), but still weak.
- Trading volume is relatively low (31.325$BTC ).
- Chart pattern is still bearish short-term.
Recommendations:
1. Wait for trend confirmation.
2. Watch if support at $96.150 holds.
3. Need a breakout above $100.777 for a bullish signal.
Risk

BTC2,27%

DON2,63%

FOMO-8,34%