Technical analysis by MonoCoinSignal about Symbol BTC on 6/3/2025

Bitcoin is currently trading at $106,522, showing a consolidation pattern after a recent rally. The price has been moving between $103,000 and $107,000, with $107,000 acting as a strong resistance level. This ceiling has been tested several times but hasn’t been convincingly broken yet. On the flip side, $100,000 has proven to be a solid support, with buyers stepping in whenever the price dips near this key psychological level. If BTC breaks above $107,000, it could target $110,000 or higher; however, a drop below $100,000 might see it test $97,000 or lower.From a technical standpoint, the 4H chart shows a short-term bullish trend line around $105,800, which has been holding the price up during small pullbacks. That said, there are signs of weakening momentum, the 30-day Rate of Change (ROC) is flashing a bearish divergence, hinting that the upward push might be losing steam. On the daily chart, the MACD has turned negative, which could signal a broader trend shift. For now, traders should keep an eye on whether BTC can push past $107,000 or if it falls below $100,000, as these breaks will likely dictate the next big move.Looking at the bigger picture, Bitcoin’s price is being shaped by several external factors. Recent news, like the SEC dropping its lawsuit against Binance and a new crypto market structure bill in Congress, could bring more regulatory clarity and lift investor confidence. Economic uncertainty and tariff relief are also driving some to see BTC as a hedge, much like gold. Stablecoin market caps have hit all-time highs, suggesting more liquidity in the crypto space. But there’s a flip side: China’s heavy gold buying and the US-China tariff war could throw a wrench into BTC’s trajectory.Analyst sentiment is split. Some see a bearish flag pattern pointing to a potential drop to $97,000, while others are betting on a bullish surge to new highs, maybe $120,000 or even as far as $325,000. This consolidation phase could be the calm before a major breakout, either up or down. Keep an eye on volume and those key levels ($107,000 and $100,000) for hints about what’s next. As always, stay sharp, manage your risk, and keep up with the latest market updates!