Bitcoin traders target $100K and under as monthly close seals 11% gain
From Cointelegraph
June 1, 2025 12:00:00 PM:
Bitcoin RSI data forms bearish divergence, traders anticipate lower levels. May monthly candle close secures 11% gains, but weekly close crucial. Key areas of interest at $97,000 and $100,000. Bitcoin seeks to maintain 2024 all-time highs post monthly candle close for 11% gains. Traders watch weekly close at $105,000. Support levels tested, local top at $104,450 pivotal. Bearish RSI divergence noted on weekly chart, implications for bulls. Fair value gaps at $97,000 and $90,000 identified. $100,000 seen as potential price magnet based on order book liquidity data. Bullish market structure remains intact despite recent drop.
Read more at Cointelegraph: Bitcoin traders target $100K and under as monthly close seals 11% gain