Bitcoin Technical Analysis: Market Outlook for June 3, 2025

Technical analysis of Bitcoin on June 3, 2025, covering resistance, support, and indicators

On June 3, 2025, Bitcoin is trading around $105,600, testing key resistance and support zones. This technical analysis explores price trends and common indicators to provide a market outlook. ### Resistance and Support Zones In the daily timeframe, Bitcoin is approaching a resistance at $106,300, a level that has historically acted as a strong barrier, with sellers active in this zone. A breakout above this could target $110,000, a significant psychological and technical level. On the downside, key support levels are at $102,500 and $100,000. The $100,000 support is critical due to its psychological importance and high trading volume. A break below this could lead to a deeper correction toward $95,000. ### Technical Indicators **RSI Indicator**: The Relative Strength Index (RSI) on the daily chart is around 55, indicating a balanced market with a slight bullish bias. This RSI level suggests Bitcoin is neither overbought nor oversold, leaving room for either an upward move or a correction. **MACD Indicator**: The MACD shows a bullish crossover in the daily timeframe, a positive signal for continued upward momentum. However, the MACD lines are relatively close, indicating moderate trend strength. **Moving Averages**: The 50-day Exponential Moving Average (EMA) at around $103,500 acts as dynamic support. Bitcoin’s price is currently above this level, signaling buyer dominance. The 200-day EMA at approximately $98,000 serves as a long-term support. ### Price Trend and Market Analysis Bitcoin has experienced a mild bullish trend since surpassing $100,000, driven by strong trading volume and capital inflows into Bitcoin ETFs. However, selling pressure near the $106,300 resistance may trigger a short-term correction. A successful break above this resistance could spark a rally toward $110,000 or higher. Analysts suggest that fundamental factors, such as potential Federal Reserve rate cuts and easing geopolitical tensions, could bolster the bullish trend. Still, traders should remain cautious of short-term volatility driven by economic news. ### Conclusion Based on technical data, Bitcoin is in a mildly bullish trend, with the $106,300 resistance as a key hurdle. Indicators provide positive signals, but short-term selling pressure may lead to a correction. Traders should monitor support levels at $102,500 and $100,000 and prepare for buying opportunities if resistance is broken.