NewsBTC

6 June 2025

4 0

Bitcoin Price Declines Below $100,500 Support Zone

Bitcoin is experiencing a decline, testing the $100,500 support level. It may continue to lose value below $100,000.

• Bitcoin fell below $104,000 and is currently trading under the 100 hourly Simple Moving Average.
• A break occurred below a bullish trend line at $104,600 on the BTC/USD hourly chart.
• If Bitcoin breaches the $100,500 support zone, further declines are likely.
• Recent low formed at $100,400; price is consolidating losses.
• Immediate resistance levels are at $102,000 and $103,600.
• Major support levels include $101,200 and $100,000, with significant bearish momentum possible below $97,200.

Technical indicators show a bearish MACD and an RSI below 50.