Article Summary
Bitcoin is currently facing resistance below the $105,000 mark, with analysts closely monitoring the $100,000 support level. On-chain data from Glassnode indicates a short-term realized price of $96,000, a level Bitcoin rarely trades below during bullish phases. Regulatory developments in the U.S. are mixed, with Texas launching a state Bitcoin reserve while Alabama delays crypto tax exemptions. At the time of writing, BTC is trading at $104,743, with key support levels at $90,000 and $100,000, and resistance at $110,000 and $125,000.
What This Means for You
- Monitor Key Levels: Keep an eye on the $100,000 support and $110,000 resistance levels for potential entry or exit points.
- Stay Informed on Regulations: Regulatory changes, like Texas’s Bitcoin reserve, can significantly impact market sentiment and price movements.
- Short-Term Opportunities: Given the short-term realized price of $96,000, consider short-term buying opportunities if Bitcoin dips below this level.
- Future Outlook: Be cautious of potential volatility as Bitcoin navigates these key levels and regulatory developments.
Bitcoin Technical Analysis Report | 2nd June 2025
Bitcoin continues to face resistance below the $105,000 mark over the weekend, signaling persistent selling pressure from the market. On the downside, analysts are closely watching the psychologically significant $100,000 support level. Even if this threshold is breached, further losses may be limited. On-chain data from Glassnode reveals that the short-term realized price currently stands at $96,000. Historically, during bullish market phases, Bitcoin rarely trades below this metric for long, suggesting any dips may be short-lived. Meanwhile, regulatory developments in the United States continue to unfold. Five states have passed new Bitcoin-related legislation. Notably, Texas has officially launched its long-anticipated state Bitcoin reserve, reinforcing its pro-Bitcoin stance. In contrast, Alabama has paused efforts to exempt crypto from certain taxes, with the proposal now indefinitely delayed.
At the time of writing, BTC was trading at $104,743.
BTC witnessed a massive rally from the recent lows of $74,508 to the new all-time high of $111,980. The price surged by almost 50%. However, the bulls failed to maintain their grip on the asset as it saw minor profit booking from the higher levels, dropping to $103,068. The asset has strong support at $100,000 and $90,000. To rally further, BTC needs to break, close, and sustain above the all-time high.
Key Levels:
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2. |
| $90,000 | $100,000 | BTC | $110,000 | $125,000 |
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Disclaimer:
Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs. The views, thoughts, and opinions expressed in the article belong solely to the author, and not to ZebPay or the author’s employer or other groups or individuals. ZebPay shall not be held liable for any acts or omissions, or losses incurred by the investors. ZebPay has not received any compensation in cash or kind for the above article and the article is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.
People Also Ask About
- What is the short-term realized price of Bitcoin? The short-term realized price of Bitcoin is currently $96,000, according to Glassnode data.
- What are the key support and resistance levels for Bitcoin? Key support levels are at $90,000 and $100,000, while resistance levels are at $110,000 and $125,000.
- How has Texas influenced Bitcoin regulation? Texas has launched a state Bitcoin reserve, reinforcing its pro-Bitcoin stance.
- What is the significance of the $100,000 support level? The $100,000 support level is psychologically significant and a key threshold for market sentiment.
Expert Opinion
Bitcoin’s current price action and regulatory developments highlight the importance of monitoring key support and resistance levels. The short-term realized price of $96,000 suggests potential buying opportunities, while regulatory shifts in states like Texas could significantly influence market dynamics. Investors should remain vigilant and informed to navigate this volatile landscape effectively.
Key Terms
- Bitcoin price analysis 2025
- Bitcoin support and resistance levels
- Texas state Bitcoin reserve
- Short-term realized price Bitcoin
- Bitcoin regulatory developments 2025
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