Bitcoin (BTC) Price Prediction for June 04 2025: Will Bulls Regain Momentum Above $106K or Face Deeper Correction?

After a volatile start to June, the Bitcoin price today is consolidating just under a major resistance cluster as traders assess whether bulls have enough momentum for a sustained breakout. As of writing, Bitcoin price is hovering near $105,470, recovering slightly from intraday lows around $105,168. This cautious rebound follows recent rejections near the $106,000–$106,500 supply zone, keeping BTC trapped between key trendlines.

What’s Happening With Bitcoin’s Price?

Looking at the 4-hour and daily charts, Bitcoin price action appears to be caught between opposing pressures. While BTC has reclaimed higher lows since the May rebound from $93,232, the $106,000–$106,500 region remains a firm ceiling. Sellers have stepped in aggressively near that red supply zone, halting attempts to revisit the $108,000–$112,000 range.

On the daily chart, BTC remains supported above the 0.236 Fibonacci retracement at $103,145, but the price is struggling to hold momentum above the 20-EMA and 50-EMA cluster around $105,160–$105,940. This EMA resistance cluster has acted as a dynamic barr…

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