Technical analysis by NoFomoCharts about Symbol BTC on 6/2/2025

Bitcoin (BTCUSDT) price is currently testing the 26EMA and 12EMA price levels on the Daily chart.Bitcoin price has been in a medium-term uptrend since April and May 2025.However, a short-term downtrend pullback has occurred and the price recently bounced up from the 26EMA zone ($104,000).A morning star candle price pattern printed above the 26 EMA support line.Large buyer volume could confirm the price candle pattern and Bitcoin price could rally up above 12EMA resistance ($106,000).If price continues to reject and fall below $106,000 the downtrend would likely continue into June 2025.Breaking news and stock market correlations could affect the price of Bitcoin and cryptocurrencies.Tariff news and trade deals are supposed to occur throughout June and July 2025.Resistance Targets: $106000, $107000, $110000, $112000.Support Targets: $105000, $103000, $102000, $100000.