Bitcoin Price Set to Straddle Key Support Levels This Week

Bitcoin Price Set to Straddle Key Support Levels This Week

Bitcoin’s current trading around $104,823 on June 2, 2025, showcases market sentiment amid levels poised between $105,000 support and $110,000 resistance.

Macro implications and expert opinions suggest a volatile trading range, with Bitcoin not expected to rally beyond $110,000 imminently or drop below $100,000 without additional catalysts.

Bitcoin remains near critical levels, trading approximately at $104,823, with potential volatility. Recent analyses highlight $105,000 as a support. Notable figures maintain speculative long-term views, yet no evidence supports a dramatic short-term shift this week.

Key influencers, such as Jack Dorsey and Tom Lee, express long-term optimism but offer no immediate forecasts. Market dynamics show institutional sentiment as “cautiously optimistic”, with steady inflows but lacking dramatic shifts.

Markets watch for liquidity sweeps, with Bitcoin’s influence limited to related derivatives. No significant developer or regulatory movements have been reported, maintaining a primarily range-bound environment in the short term.

Historical data suggest volatility resurgence near past highs, with macroeconomic policy adjustments potentially impacting further rallies. Forecasts indicate a market guided by technical and fundamental catalysts.

“Bitcoin is responding to global liquidity, which is moving up. And I think it’s anticipating a dovish Fed next year, so that’s a tailwind for Bitcoin.” — Tom Lee, Managing Partner, Fundstrat

Institutional strategies emphasize cautious optimism, influenced by external factors like global liquidity trends and anticipated federal policies. Without significant market catalysts, short-term fluctuations remain bounded.

Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.