Technical analysis by SalemSignals about Symbol BTC on 6/5/2025

Bitcoin is approaching a critical confluence zone near $100,000, where two major supports intersect: – A horizontal support around $100,000 (previous top-turned-support) – A rising trendline drawn from the 2023 rally, currently aligning near $98,000 – $99,000 This zone is technically significant. A bounce from here could send BTC back toward the $129,000 resistance level However, a daily candle close below this confluence (especially under $98,000) may trigger a deeper correction toward $90,000 or even $81,000 Watch price action closely—this region is not just support; it's a trend-defining battleground