Technical Analysis of Bitcoin: Market Outlook on June 6, 2025

Technical analysis of Bitcoin on June 6, 2025, exploring resistance, support, and indicators.

The technical analysis of Bitcoin on June 6, 2025, reveals a complex market situation requiring a close examination of resistance and support zones and key indicators. Currently, Bitcoin is trading around $103,584, facing selling pressure. This analysis explores recent trends, critical levels, and technical indicators to provide a market outlook. **Resistance and Support Zones** The primary resistance zone for Bitcoin lies between $103,800 and $104,800. This level has repeatedly acted as a barrier in short-term timeframes, particularly the 4-hour chart. Breaking this resistance could lead to the next key level at around $108,500, a critical threshold. On the downside, key support levels are at $97,600 and $92,750, which have historically triggered price reactions and could play a significant role in case of a decline. **Technical Indicators** The Relative Strength Index (RSI) in the 4-hour timeframe is around 37, indicating selling pressure and proximity to the oversold region. This could signal a potential price reversal, but without bullish candle confirmation, the bearish trend remains dominant. The 20 and 50-day Exponential Moving Averages (EMAs) are below the current price, confirming bearish momentum. However, the close proximity of the price to these averages suggests a potential trend shift with positive market reactions. **Price Patterns** Bitcoin recently broke out of a falling wedge pattern and is currently retesting this level. A successful retest could lead to a continuation of the bullish trend. However, a failure to hold could see the price fall back into the pattern, potentially leading to a drop toward lower supports. Some analysts have noted a bearish flag pattern, suggesting a continuation of the downward trend. **Market Outlook** Based on current data, Bitcoin is under short-term selling pressure, with a bearish trend prevailing. However, breaking the $104,800 resistance could trigger bullish momentum, potentially pushing the price toward $108,500 or higher. Conversely, losing the $97,600 support could lead to a deeper correction toward $92,750. Fundamental factors, such as capital inflows into ETFs and easing geopolitical tensions, could also influence the market. **Conclusion** Bitcoin is at a critical juncture. Traders should closely monitor key levels and indicators, as the market could move in either direction. Caution is advised, with risk management and confirmed signals essential for trading decisions.