Catenaa, Monday, June 02, 2025-Bitcoin traded at $105,597 Sunday evening, settling after a volatile week that saw the world’s largest cryptocurrency reach a new all-time high of $111,800.
Analysts described the current price zone as a crucial “pivot point” that could determine the direction of the next market cycle.
BTC Markets analyst said key technical indicators, including the Relative Strength Index and MACD, suggest fading bullish momentum, though long-term prospects remain strong.
If bitcoin can stay above the $103,000 to $105,000 range, there’s room for another push toward $115,000, BTC said.
However, it warned that slipping below $103,000 could trigger a deeper correction to $93,000–$97,000.
BTC emphasized that a pullback would not signal the end of the broader uptrend. Instead, it would reflect a healthy pause before renewed price appreciation.
Altcoins continued to lag behind bitcoin as institutional capital drove the current rally.
Companies like Strategy, Metaplanet and Twenty One have accelerated corporate bitcoin acquisitions, overshadowing retail flows and suppressing altcoin performance.
BTC dominance is now approaching a cycle high, fueled by the perception of bitcoin as a strategic macro hedge.
This shift ties bitcoin closer to traditional financial markets, making it increasingly sensitive to macroeconomic data and geopolitical risk.
