<ul><li>Bitcoin faced resistance below the $105,000 mark, indicating selling pressure over the weekend. Analysts are monitoring the $100,000 support level for potential downside.</li><li>Short-term realized price for Bitcoin is currently at $96,000, suggesting any dips may be short-lived based on historical trends during bullish phases.</li><li>Regulatory developments in the United States include five states passing Bitcoin-related legislation, with Texas launching a state Bitcoin reserve but Alabama delaying efforts to exempt cryptocurrency from certain taxes.</li><li>BTC was trading at $104,743, rallying from recent lows of $74,508 to a new high of $111,980. Key support levels are at $100,000 and $90,000, with the need for a sustained break above the all-time high for further rally.</li></ul>

Bitcoin Technical Analysis Report – 2nd June 2025

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