📰 Bitcoin Price Watch: Market Stalls at $104K – What Comes Next?
■ June 3, 2025
Thanks to the Crypto Insight News Team.
Following its most recent ATH of $111,970, Bitcoin struggles to top $104,000 (Image via CryptoPotato).
👉 Under $104K Consolidation of Markets
Currently valued at $106,289, Bitcoin (BTC) has a meager daily increase of 0.68%. Having exceeded a record high of $111,970 in May, BTC has entered a stabilization phase and lost the hopeful impetus.
Usually, the activities in the derivatives market lead to this market stagnation. Data analysts claim that the overall net taker volume is negative, meaning that aggressive selling is surpassing buyers and hence causing continuous downward pressure.
🌍 Geopolitical Tensions Drive Variability.
Tensions between the US and China have further clouded the market. Comments made by former President Donald Trump accusing China of violating trade agreements set off temporary panic that drove Bitcoin to intraday lows of $103,700.
Globally minded risk-off attitudes are driving not only crypto but also conventional financial markets to be hit.
🌐 Trump disturbs world markets by reigniting China trade concerns (Image via BBC)
📊 Technical Indicators Suggest Hope
There is long-term hope even with the depressing signals. On Bitcoin's charts, a bull flag pattern has emerged usually considered as a sign of positive continuation.
Moreover, history suggests that altcoins may surge greatly once Bitcoin settles—reflecting patterns from the 2017 and 2021 bull runs.
🧠 Conclusion
Though technical patterns and historical cycles point to a likely breakout, Bitcoin's current stagnation below $104,000 seems dubious. BTC's next action might set the stage for more general market momentum given geopolitical concerns, derivatives pressure, and investor psychology under influence.
Investors should be advised to be wary but also attentive. As the market gathers and gets ready for its next phase, opportunities could grow.