On June 2nd, according to TheBlock, BTC Markets crypto – analyst Rachael Lucas stated that the price of Bitcoin is at a psychological and technical “pivot point”, which may determine the success or failure of the bull market. Indicators such as the RSI and MACD show that the strong bullish momentum has begun to weaken, at least temporarily. However, the long – term outlook remains optimistic, and we may be in the early stages of a new super – cycle.
Lucas also said there are two possible scenarios for Bitcoin in the coming days. If Bitcoin can hold the $103,000 – $105,000 range, it is expected to hit $115,000 again. On the other hand, if it breaks below $103,000, it may trigger a deeper correction, with the target price in the $93,000 – $97,000 range. The latter situation should not be seen as the end of the overall upward trend, but as a signal that the market needs more time to prepare for further price growth.
Moreover, the connection between Bitcoin and traditional financial markets is becoming closer, and it is more sensitive to economic data, central bank comments, and geopolitical risks. However, the technical upgrades of Bitcoin, such as Taproot and Lightning Network expansion, have enhanced its privacy and scalability, which will support its long – term status as “digital gold”. In addition, the willingness of institutions to allocate cryptocurrency continues to increase. According to a Coinbase survey, 83% of institutions plan to increase their cryptocurrency investments in 2025. Analysts predict that Bitcoin may break through $200,000 by the end of 2025, but market volatility and regulatory uncertainties should be watched out for.
Related topic:
