#June Market Forecast 📈 Bitcoin (BTC) Market Analysis – June 5, 2025
Current Price: $104,674
24h Change: −1.01%
Intraday Range: $104,505 – $105,783
🔍 Technical Overview
Trend: Consolidation above $100K
Support Levels: $102,500 / $100,000
Resistance Levels: $107,500 / $111,970 (ATH)
50-Day SMA: At record highs, but momentum is waning as the spread between spot price and SMA narrows
RSI (4H): Neutral (~52)
MACD: Slight bullish crossover forming
📊 Market Sentiment & On-Chain Activity
On-Chain Activity: Record 556,830 new wallets created on May 29; over 241,000 BTC circulated on June 2, indi