Bitcoin Price Prediction for June 07, 2025: Can BTC Hold Above $102K After Sharp Recovery?
Bitcoin price today is showing signs of recovery near $102,800, rebounding after dipping below the critical $102,000 zone during the U.S. session on June 6. The bounce reflects an early effort by bulls to reclaim lost ground, but the overall structure remains fragile following the recent break below the short-term channel support. Market volatility persists, and traders are watching closely for whether the rebound has enough strength to invalidate the recent pullback.
What’s Happening With Bitcoin’s Price?
After falling sharply from its June high above $107,000, Bitcoin price found support near the 0.382 Fibonacci level of $97,663 before reversing higher. On the 4-hour chart, BTC staged a quick recovery after tagging the lower Bollinger Band at $102,007. The price is now hovering just above $102,800, attempting to reclaim the 20-EMA cluster around $104,180.
A breakdown below that cluster earlier had triggered cascading stops, pulling Bitcoin price action into a high-volume demand zone near $101,500–$102,000. Despite the swift intraday bounce, bearish momentum still lingers …
The post Bitcoin Price Prediction for June 07, 2025: Can BTC Hold Above $102K After Sharp Recovery? appeared first on Coin Edition.
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Bitcoin Price Prediction for June 07, 2025: Can BTC Hold Above $102K After Sharp Recovery?
Bitcoin price today is showing signs of recovery near $102,800, rebounding after dipping below the critical $102,000 zone during the U.S. session on June 6. The bounce reflects an early effort by bulls to reclaim lost ground, but the overall structure remains fragile following the recent break below the short-term channel support. Market volatility persists, and traders are watching closely for whether the rebound has enough strength to invalidate the recent pullback.
What’s Happening With Bitcoin’s Price?
After falling sharply from its June high above $107,000, Bitcoin price found support near the 0.382 Fibonacci level of $97,663 before reversing higher. On the 4-hour chart, BTC staged a quick recovery after tagging the lower Bollinger Band at $102,007. The price is now hovering just above $102,800, attempting to reclaim the 20-EMA cluster around $104,180.
A breakdown below that cluster earlier had triggered cascading stops, pulling Bitcoin price action into a high-volume demand zone near $101,500–$102,000. Despite the swift intraday bounce, bearish momentum still lingers …
The post Bitcoin Price Prediction for June 07, 2025: Can BTC Hold Above $102K After Sharp Recovery? appeared first on Coin Edition.
Read More