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Bitcoin is back on an upward trajectory

Technical Analysis
By Mostafa Mahmoud
Bitcoin is back on an upward trajectory
0 5

Bitcoin

البيتكوين 3-6-2025

Bitcoin is trading around the resistance level of $105,800, and prices are likely to retest the support level at $101,175. This scenario would be invalidated if the aforementioned resistance level is broken to the upside.

Support

 101175​ 96500​ 92700​
Resistance 105800​ 111245​

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Bitcoin witnessed a slight increase, trading around the \$105,800 level, as part of a broader rally in the cryptocurrency market. The total market capitalization of digital assets rose to \$3.31 trillion. This improvement was driven by growing institutional confidence, with companies like MicroStrategy and Metaplanet purchasing approximately 1,793 Bitcoins, which boosted investor optimism and helped prices stabilize at higher levels.

On the other hand, the market continues to face regulatory challenges. Nonetheless, the outlook remains positive, with some analysts predicting that Bitcoin could surpass the \$110,000 mark, supported by high trading volumes and clear institutional momentum.

You can now benefit from LDN company’s services through the LDN Global Markets trading platform.

Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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