PUNKO – PNK

Bitcoin (BTC) Performance Summary: June 4th, 2025

Overview: On June 4th, 2025, Bitcoin (BTC) experienced a slight daily decline, breaking a two-day winning streak and entering a phase of consolidation. The price action indicated a battle around the key $105,000 level, with bulls defending support but facing resistance from sellers.

Key Metrics & Technical Indicators (Based on available data for June 4th, 2025):

• Price Action:
  • High: Approximately $106,854 – $106,900 USD
  • Low: Approximately $104,229.61 – $104,279 USD
  • Closing Price: Around $104,990.86 – $105,289 USD. BTC lost approximately 1.03% to 1.24% on the day.
• Market Capitalization:
  • Market Cap: Approximately $2.08 trillion – $2.092 trillion USD (as of June 3rd, reported on June 4th). This represents a slight decrease from the previous day, consistent with the price retracement.
• Moving Averages (Approximated values for June 4th, 2025, based on surrounding data):
  • EMA 200 (Exponential Moving Average 200): While a precise figure for BTC’s EMA 200 on June 4th, 2025, was not universally reported, the general sentiment indicated that BTC remained comfortably above its long-term moving averages, suggesting a sustained bullish trend on longer timeframes.
  • EMA 50 (Exponential Moving Average 50): Bitcoin’s price touched the resistance of its EMA 50, indicating a fluctuated pressure preventing price recovery in the short term.
  • SMA 200 (Simple Moving Average 200): No explicit value for BTC’s SMA 200 on June 4th, 2025, was widely reported. However, the overall bullish sentiment and price levels suggested BTC was trading well above its long-term simple moving averages.
  • SMA 50 (Simple Moving Average 50): Bitcoin’s price was generally around its 50-day SMA, indicating a potential consolidation phase with neither strong bullish nor bearish momentum in the medium term.
• RSI (Relative Strength Index):
  • 24-hour RSI: Approximately 52. The RSI was largely neutral, standing at 52, which indicated equilibrium between buying and selling momentum. Some reports noted positive overlapping signals on the RSI after reaching oversold levels, suggesting a potential rebound. However, others highlighted RSI near the overbought zone but showing a slight decline.
• MACD (Moving Average Convergence Divergence):
  • The MACD on June 4th, 2025, showed weakened momentum. Reports indicated that the MACD was showing signs of potential for a «southern movement» after a «false northern attempt,» suggesting a period of consolidation. Some analyses noted that MACD was showing bearish signals since May 25th, indicating growing downside risks.

Brief Fundamental Analysis (Based on news and market context of June 4th, 2025):

On June 4th, 2025, Bitcoin’s fundamental landscape continued to be shaped by a mix of strong institutional confidence and ongoing market dynamics. News indicated that Bitcoin was «surging past $105,000 amid soaring speculative bets,» with a significant portion of sentiment on prediction platforms being bullish. The «Bitcoin Price Watch» highlighted that «bulls defend key support as momentum cools,» implying that while there was a slight retracement, underlying demand remained strong.

Despite the daily price dip, institutional accumulation of Bitcoin continued. Reports mentioned «Bitcoin holdings surge among corporate treasuries,» as noted by a Standard Chartered expert, and that BlackRock’s Bitcoin ETF ranked among the top 25 U.S. ETFs, showcasing sustained large-scale investment. Furthermore, there were discussions within the U.S. military leadership about considering a «National Bitcoin Reserve amid economic threats,» which, if pursued, could represent a monumental endorsement and a significant long-term fundamental catalyst.

However, the market was also watching for «new catalysts» as Bitcoin «rounds near $105,000,» suggesting that while the long-term outlook remains positive, a decisive push required fresh drivers. The potential for a «retreat to $70,000» (28% probability) or even «$50,000» (13% probability) was acknowledged by some, underscoring that volatility and a degree of caution persisted in the market, despite strong underlying fundamentals.