Bitcoin (BTC) showed signs of recovery during Asian trading hours on June 2, 2025, briefly approaching $106,000 after a significant weekend downturn. This rebound follows a weekend low of $103,100, driven by geopolitical tensions and market volatility.
Key Market Movements
- Price Recovery: BTC regained ~$3,000 from its weekend low, stabilizing near $104,000.
- Market Capitalization: The total crypto market cap rose by $30 billion to $3.41 trillion, with Bitcoin’s dominance climbing to 61.5%.
Factors Influencing Bitcoin’s Price Volatility
Recent BTC price fluctuations were heavily influenced by:
- U.S. Trade Policy: Comments from former President Trump regarding EU tariffs triggered a sharp correction on May 23.
- Geopolitical Tensions: Accusations of trade violations between the U.S. and China exacerbated market uncertainty, leading to a weekend sell-off.
- Short-Term Rebound: The June 2 recovery reflects buy-back activity and temporary easing of U.S.-China tensions.
Technical Analysis: Bitcoin (BTC) Price Outlook (June 2, 2025)
Weekly Chart Overview
- Golden Cross (2023): The 20-week MA crossed above the 100-week MA, confirming a long-term bullish trend.
- Key Support: The $94K–$96K zone (20-week MA) remains critical for trend continuation.
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Daily Chart Insights
- Resistance: Immediate resistance at $106K; breakthrough could signal renewed upward momentum.
- Support: Psychological support at $100K; a break below may test $94K–$96K.
FAQs: Bitcoin’s Current Market Dynamics
Q: What caused Bitcoin’s weekend drop?
A: Geopolitical tensions and U.S. trade policy uncertainty triggered risk-off sentiment.
Q: Is Bitcoin’s long-term uptrend still intact?
A: Yes, provided the $94K support holds. The 2023 Golden Cross remains a bullish anchor.
Q: What’s the short-term outlook for BTC?
A: A clear break above $106K could target $110K+, while failure risks a retest of $100K support.
Key Takeaways
- Monitor $94K–$96K support for long-term trend validation.
- Geopolitical developments remain a primary volatility driver.
- **Break above $110K** may open path to $120K.
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Disclaimer: Cryptocurrencies involve high risk. Conduct your own research before investing.
### Keywords: Bitcoin, BTC price, crypto market, technical analysis, trading support, geopolitical impact, volatility, resistance levels
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