Bitcoin (BTC) Price Prediction for June 1

Bitcoin Holds Steady as Crypto Market Sees Mixed Performance

The cryptocurrency market closed the week with mixed performance, with most coins trending downward according to CoinMarketCap data. Bitcoin (BTC) bucked this trend, showing a 0.15% daily gain despite a 2.82% weekly decline.

On the hourly chart, Bitcoin's price is climbing after finding support at $103,832. If this upward movement continues, traders may see a test of resistance levels in the coming days.

From a broader perspective, Bitcoin's price remains within yesterday's trading range. The low trading volume indicates that significant price movements are unlikely in early June.

Mid-term analysis shows sellers attempting to regain market control. With current prices well below recent highs, traders should monitor the $102,126 support level. A break below this point could potentially push prices toward the $100,000 mark.

As of this writing, Bitcoin is trading at $104,291.