Bitcoin (BTC) is preparing to rebound near the $106,000 level (approximately 1.452 billion won) shortly after the U.S. market opening on June 3rd, raising expectations for a potential upward trend. Market sentiment is becoming optimistic as analysts suggest that selling pressure during the recent adjustment phase is not as strong as the peak of previous market cycles.
According to on-chain data, the current market is showing movements to secure liquidity around the key resistance level of $106,000. If this level is breached, the possibility of a trend reversal becomes more apparent. Simultaneously, the downside support level is robustly formed up to $97,000 (approximately 1.329 billion won), generating expectations that short-term declines will not be significant.
Some market participants note that while investors have recently engaged in partial profit-taking, the current selling wave does not reach the typical liquidation levels seen at previous bull market peaks. This is cautiously interpreted as a signal that the bull market cycle may still be valid.
In this context, Donald Trump's recent official declaration of support for cryptocurrency is also positively influencing market sentiment. The president's pro-cryptocurrency stance is bolstering expectations of institutional investor inflows and Bitcoin's medium to long-term growth potential.
Industry experts analyze that "Bitcoin will likely continue its battle around the mid-to-late $100,000 range, but additional increases are possible if demand re-enters on strong technical support". The market remains sensitive to traders' psychology, selling intensity, and potential policy environment changes.
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