Bitcoin (BTC) Price Analysis: Dead Cat Bounce or Full Blown Rebound?

Explore the most recent developments within the Bitcoin area. This article dives into: “Bitcoin (BTC) Price Analysis: Dead Cat Bounce or Full Blown Rebound?”.

After a serious downfall within the relationship between the 2 strongest pro-crypto people, Elon Musk and Donald Trump on Thursday, Bitcoin (BTC) has led the broader crypto market in heightened volatility. The flagship coin teased under $101k previously 24 hours earlier than rebounding from the assist stage above $101,500 to commerce about $104,543 on Friday, June 7, 2025, through the late North American buying and selling session.

Amid the heightened crypto volatility, which prompted a big spike in pressured crypto liquidations, the worry of additional short-term selloffs stays palpable. Moreover, Bitcoin’s worry and greed index dropped from over 62 %, suggesting market greed, to about 45 % on the time of this writing.

What Next for Bitcoin Price?

Since not too long ago hitting a brand new all-time excessive of round $111,690, BTC value has been trapped in a brief time period falling pattern. The latest rebound previously 24 hours confirmed that BTC value continues to maneuver in a symmetrical falling channel.

From a technical analysis standpoint, the BTC value is at an important crossroads, which may both imply additional correction or a recent rally towards a brand new ATH. From the bullish perspective, BTC value has recorded a golden cross within the day by day timeframe between the 50 and 200 Moving Average Simple (SMA).

In the four-hour timeframe, the BTC value has been retesting the higher border of the falling channel. With the 4-hour MACD line having crossed the sign line, BTC value might proceed with bullish sentiment past $106k.

From the bearish perspective, the BTC value has not but fashioned any stable reversal sample after being trapped in a falling channel previously few weeks. As a end result, a possible shut under the assist stage round $103,329 will set off a correction in the direction of the assist stage round $101,570.

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Source & Attribution

This article is tailored from coinpedia.org. We’ve restructured and rewritten the content material for a broader viewers with improved readability and search engine marketing formatting.

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