New York, June 6, 2025 - Bitcoin is currently trading near $104,000, recovering slightly from an overnight low of $104,300. This comes as U.S. equity futures show positive movement.
However, a technical analysis indicates a potential bearish trend. The cryptocurrency appears to be revisiting the breakdown point of a head-and-shoulders pattern, signaling a shift from bullish to bearish in the short term.
Immediate support levels are at $100,000 and $95,500. A move above $107,000 is needed to negate the bearish outlook and potentially target record highs.