Bitcoin (Btc) Starts June with BTC price action in a dangerous place – can consumers maintain support levels in the Bull Bull market?
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Bitcoin entrepreneurs are preparing for fresh volatility as the highest monthly monthly contrasts with rising bets of a $ 100,000 retest.
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The weakness in the Fed’s labor market and policy returns under the microscope because inflations vary from interest rates.
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The latest price volatility has led to investors throughout the Hodler spectrum to re -imagine their exposure to BTC.
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The retail is just waking up, but the whales of Bitcoin are already showing the classic behavior of the recovery.
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Can the profitability of another running up to $ 120,000 can run?
Bitcoin RSI data is better monthly close
Bitcoin managed to “save” the weekly candle close to the skin of its teeth, which caped a week of retirement, which at one point reached 8%.
Around $ 105,700, data from Cointelegraph Markets Pro and Tradingview Displayed, the weekly close comes above a major level from December 2024 – one stated in the assessment needed to handle.
We held more than $ 104,500 on the weekly close. Bullish here. pic.twitter.com/anfq88qeqt
– Crypto Tony (@cryptotony__) June 2, 2025
The results, however, are bittersweet, with a difference -a bearish variety playing with Kamag -child Index index (RSI).
A classic indicator of the strength of the trend, the RSI is printed by a lower high price hits and retreats from its highest level.
“The weekly bearish divergence is locked in – and a potential bearish retest that also forms it,” warned famous businessman Jelle at A Post on x.
“Big day early for Bitcoin, the test of some lower levels is not likely as long as the black line is no longer claiming.”
It may eventually be sealed 11% acquisitions, and marked the highest monthly closely for BTC/USD despite the late comedown.
Now, the data from the tracking resource Coinglass It is shown that most of the book’s book of the order is above, not below, price.
To her Latest x threadBusinessman Crypnuevo uses liquidity to predict a final rebound for $ 113,000.
‘Eventually we will hit that scope. Ideal $ 100k -> $ 113k, ”he argued about his preferred BTC price.
Powell to Spotlight as Inflation and Fed Diverge
The unemployment and federal federal policy policy are the two major radar elements for entrepreneurs of dangerous risk this week.
The labor market strength is under investigation after Hints of weakness In the previous data it challenged the Fed’s ability to hold interest rates “higher for longer.”
The April print of personal consumption (PCE) index, to enter or below expectations, at the same time confirmed the slowing of inflationary pressure.
“The moderating level of inflation means that the short -term fed interest rate has been the highest above the PCE since heading to the financial crisis in 2008,” trading firm Mosaic writes in the latest edition of its regular newsletter, “The mosaic of the market. “
“It may explain why Trump called Fed Chair Jerome Powell this week to force the central bank to cut rates.”
US president’s first meeting Donald Trump with Powell last week however has less strengthened the bets that the current Hawkish policy may change in the near future. The latest data from CME Group’s Fedwatch tool Showing markets rejecting the possibility of a cutting rate before September.
Powell himself was speaking at the opening of the Fed Board’s International Finance Division 75th Anniversary Conference at Washington DC on June 2.
Continuing, the mosaic asset recognizes a potential Bitcoin tailwind in the form of denial of US dollar strength against the background of trade uncertainty.
The US Dollar Index (DXY) dropped below 99 after flipping a three-figure border from support to resistance last month.
“If the DXY downside is accelerating after losing 100 levels, may also signal long-term concern for the US economic growth and fiscal condition,” Mosaic added.
“That can serve as another bullish catalyst for precious metals and bitcoin.”
Hodler Flows suggest “Market in Transition”
Approximately 8% comedown Bitcoin from all time highs sparks a transfer to investor behavior.
While maintaining $ 105,000 in the latest weekly nearby, investors at BTC did not maintain exposure levels visible at the height of the opposite May.
In its latest research, Onchain’s analytics platform shows three signs that hodlers have begun to reduce risk.
“This includes significant stablecoin flows from Binance, a denial of long-term owners (LTH) interests, and different accumulation patterns in various wallet cohorts,” contributing Amr Taha summarizes one of its “its”Quicktake”Blog posts.
Binance Stablecoin outflows are up to $ 1 billion at the end of May – potentially reflecting merchants’ desire to open up against danger.
“Stablecoin Netflows are a critical indicator of liquidity; negative Netflows suggest that entrepreneurs move funds to exchanges,” Taha explained.
At the same time, long-term Bitcoin (LTHS) holders-hodling creatures for six months or more-seeing their realized refusal of cover by the end of the month. The realized cover refers to the combined value of all the LTH coins measured by the price at which they last moved.
“The combination of heavy stablecoin removal, reduced LTH accumulation, and transferring cohort behavior indicates a transfer market,” concludes the cryptoquant.
“If it sets the stage for a cooling-off period, a healthy aggregation, or updated momentum depends on how the new capital re-enters the system and whether retail buyers can maintain the current rally without institutional reinforcement.”
Whales that accumulate accumulation
A similar scenario plays on bitcoin whales.
“The entities holding between (1K ~ 10K) BTC gradually reduced their exposure as Bitcoin prices rose from $ 81k to $ 110K, systematically distributing their holdings in a phased way throughout the rally development,” reports the cryptoquant.
Retail holders, who ignored Bitcoin’s return to new hits all the time, now diverted from whales by accumulating “on top.”
Changing whale patterns are not detected elsewhere. In the latest Biweekly report On May 30, firm firm Santiment described “clear signs of income extraction.”
“High whale activity during the top tops can be directed to distribution, or smart money that draws income. We continue to see sudden major transactions in the price spikes (as we saw on April 7, 2025) or price tops (i.e., May 22, 2025),” it wrote.
“Imagine them as amazing reversal indicators, with the latest signal showing some clear income removal.”
Santiment suggested watching cues of sentiment in the crypto market for clues where prices could go in June.
“We saw the sentiment that flipped from the euphoric to the fear for a few days, and the price behavior followed these emotions with a near perfect timing,” he said.
After falling nearly 25% to two days last week, the Crypto Fear & Greed Index It is now standing at 64/100, marking a return to the “Greed” territory.
Hints that take revenue to $ 120,000 “local top”
If the bull market stage of a snap comeback, the bets are at which the next target reversed – and local top – may.
Related: How low is the price of bitcoin?
Last week, the Onchain Analytics Firm Glassnode leverages Hodler’s profitability to clean price points where income should pause BTC prices. For this it used the standard deviation in market value to the realized value (MVRV) ratio.
“The MVRV ratio compares the BTC market price to the average investor cost basis – helping the gauge when investors hold unstoppable income,” he explained in a X thread on May 30.
“We are now trading between +0.5σ ($ 100.2k) and +1σ ($ 119.4k) band, a zone that is often preceded by local tops.”
BTC price action can maintain $ 100,000 as support, which contrasts with other target downsides that include a return Closer to $ 90,000 mark.
“While the $ BTC is close to the overheating territory, it has not crossed above the +1σ MVRV band -a level history that has sparked a mass profit -aking,” Glassnode added.
“Until then, the market may still have a room to run before the gains of the investor become ‘too good not to sell.'”
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
