TLDR:
- BTC trading volume surged over 45%, signaling renewed market participation
- Key liquidity zones form at $110K resistance and $103K support, suggesting volatility
- Fibonacci target at $157K marks the next major upside level for the current bull cycle
- $92K remains a vital support to sustain Bitcoin’s longer-term uptrend structure
Bitcoin remains in a consolidation phase as traders monitor crucial price levels for a possible breakout or breakdown. The digital asset faces a crucial juncture with liquidity zones positioned both above and below current levels.Â
Market analysts are monitoring key technical indicators while Bitcoin trades approximately 5% below its all-time high achieved last month. Trading activity has intensified recently, with volume surging 45.30% compared to the previous day.Â
BTC Price Analysis
Bitcoin price has demonstrated relative stability over the past 24 hours, fluctuating between $103,977 and $106,443.Â
The weekly trading range expanded further, reaching highs of $110,370 and lows of $103,414. Current market data reveals BTC experiencing a modest decline of 0.35% in the last 24 hours alongside a 3.95% drop over the past seven days.
The 24-hour trading volume reached $28,087,283,962, indicating substantial market participation. This volume increase signals growing interest from institutional and retail traders despite the recent price consolidation phase.
Cryptocurrency analyst Daan Crypto Trades highlighted the current market structure as a critical crossroads situation.Â
The trader emphasized major liquidity concentrations above $110,000 and below $103,000, creating potential volatility zones. These levels represent key battlegrounds where significant buying and selling pressure could emerge.
$BTC Not much price action at the start of the month just yet.
Trying to do as little as possible here as we’re at this crossroad. There are still a lot of positions built up on both sides. Major liquidity zones above $110K and below $103K. https://t.co/148vxQ3FIA pic.twitter.com/iFdSVJssIe
— Daan Crypto Trades (@DaanCrypto) June 3, 2025
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The analyst noted substantial position buildup on both bullish and bearish sides, suggesting market participants are preparing for a decisive move. This positioning creates an environment where any breakout could trigger cascading effects through leveraged positions.
Bitcoin Price Prediction
Technical analyst CoinsKid provided insights into Bitcoin’s longer-term trajectory using Fibonacci extension analysis. The analyst referenced their late 2022 prediction targeting the 1.272 Fibonacci level at $95,000, which BTC successfully reached in late 2024.
The next major target sits at the 1.618 Fibonacci extension around $157,000, representing a potential completion point for the current bull market cycle. This level historically marks key resistance areas where Bitcoin has previously encountered selling pressure.Â
The analyst suggested that reaching this target could potentially trigger the beginning of an altcoin season.
Late 2022 I said to you the minimal target is the 1.272 at 95K for #bitcoin it was met beautifully in late 2024 and then had a correction
#btc could be gearing up for a run to the 1.618 at a 157K where it could begin to complete it’s bullmarket cycle and we see an #altseason… pic.twitter.com/7FK4Niym7r
— CoinsKid (@Coins_Kid) June 3, 2025
Current technical analysis shows Bitcoin operating within a defined range structure. The upper boundary sits near $111,938, while the lower support level rests around $91,079. The mid-range area, approximately $99,638, serves as a pivotal zone for future price direction.
Bitcoin must maintain support above the April 2025 low around $92,000 to preserve bullish momentum, according to technical assessments.Â
A breakdown below this level could signal weakness in the current uptrend structure. Conversely, a decisive break above $110,000 might unleash significant upside potential toward higher Fibonacci targets.
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The post Bitcoin Price: BTC Stalls at $105K Amid Bullish $157K Target appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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