📊 Market Watch: BTC/USDT - Healthy Correction or Trend Shift?


$BTC is currently trading around $105,300, following a slight dip of -0.47% on the day. After a strong rally toward $112K, we’re now seeing a cooling phase — but is it just a breather or something more?


🔍 Technical Snapshot:

Bollinger Bands: Price is approaching the middle band, suggesting reduced volatility but no clear breakout.

MACD: Bearish crossover persists, indicating declining momentum.

RSI (14): At 53.39, showing a neutral stance — no signs of overbought or oversold conditions.


📉 While short-term momentum has slowed, the broader uptrend is still intact — as long as BTC holds above the $102K–$104K support zone. A bounce from here could signal renewed bullish pressure, but a breakdown might lead us toward the psychological $100K level.


🧠 This phase might offer strategic entry points for long-term holders. Watch for volume confirmation and reactions near the middle Bollinger Band.


#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#

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June 03, 2025 at 7:17 AM
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