Bitcoin update – 6th June 2025
Momentum in the Bitcoin market is still strong and the money flow is positive and BTC appears to be flagging in to the daily pivot. The bias continues to favour a mov higher into late June or July. The next target based on the pitchfork and Fibonacci expansion is around $118,000 – $120,000. A break of $105,000 and the pitchfork would open up this move higher. A rejection from that level and weakness into June would indicate that upside is limited, however this is not the bias, but something to be open to.