Bitcoin Breaks Through $106,000!
On Sunday, June 8, 2025, Bitcoin price broke through the $106,000 level. However, the weekly movement is relatively stagnant, with an increase of only about 1% in the last seven days. Meanwhile, some altcoins such as Ravencoin and Internet Computer recorded double-digit spikes, reflecting the highly volatile market behavior. Bitcoin’s price action throughout the week showed limited volatility. Despite briefly touching over $106,000, the big rally did not continue, and BTC only recorded minimal weekly gains. This indicates that the $106,000 level is now a strong resistance zone. Technically, this area is often tested, leading to profit-taking by short-term traders. Data from CoinStats indicates that a daily trading range of around 1% is quite narrow for an asset with a market capitalization of over $2 trillion. Consolidation at this resistance suggests that market participants are still waiting for a strong catalyst to push prices higher. While Bitcoin prices are relatively frozen,...