BTC/USD spot prices are at 104,161 and continue the development of a correction phase by moving outside the boundaries of the bull channel. Moving averages indicate the presence of a short-term uptrend in Bitcoin. Prices are again testing the area between signal lines, indicating pressure from buyers of “Digital Gold” and the potential continuation of the bullish impulse development already at current levels. For tomorrow’s forecast on cryptocurrency prices as of June 3, 2025, expect an attempt to develop a rise in the value of the digital asset, testing the resistance level close to the area near 105,865. From where another decline should be anticipated and expecting a continued fall in Bitcoin price with a target below the region of 90,505.
Bitcoin Forecast and BTC/USD Analysis for June 3, 2025
Additional indication that the BTC/USD quotations will decrease is a test of the resistance line on the Relative Strength Index (RSI) indicator. The second signal in favor of this scenario would be a bounce off the lower border of the bullish channel. Cancellation of the option for falling asset value and Bitcoin’s price would be a strong increase in the asset’s value and breaking through the area of 112,505. This will indicate that the resistance zone has been broken and the Bitcoin price rise is continuing with a potential target at level 117,665. Confirmation of the depreciation of an asset’s price would be a break-through of the support area with price staying below the mark of 95,205.
Bitcoin Forecast and BTC/USD Analysis for June 3, 2025 suggests a test of the resistance level near the area of 105,865. Further, there is expected to be a decline in cryptocurrency with a potential target at the level of 90,505. An additional signal favoring Bitcoin’s course decrease would be testing the resistance line on the Relative Strength Index (RSI) indicator. Cancellation of the option for digital currency reduction will occur if it breaches the area of 112,505. This will indicate the continuation of the coin’s growth with a potential target above the mark of 117,665.
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