empty
02.06.2025 04:30 AM
Bitcoin Forecast for June 2, 2025

Bitcoin

Over the weekend, Bitcoin formed a reversal from the supports at the target level of 102,698 and the embedded green price channel line.

This image is no longer relevant

If today's candlestick closes in white (bullish), it will confirm consolidation above the price channel line and definitively open the path toward the first target level at 111,770. Breaking through this level will open the way to the second target at 115,970 — the upper boundary of the price channel.

The Marlin oscillator has turned upward but along a gentle trajectory, meaning its growth is not providing strong support to the price. A slow price increase is possible.

This image is no longer relevant

On the four-hour scale, the Marlin oscillator has secured a position in the positive trend zone. Above the price, the MACD line (a key moving average) is situated. Its proximity likely explains the current lack of strong bullish sentiment. However, consolidating above this line, above 107,208, could accelerate progress.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.