{"id":853951,"date":"2025-06-07T09:12:03","date_gmt":"2025-06-07T14:12:03","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/07\/bitcoin-btc-price-analysis-dead-cat-bounce-or-full-blown-rebound\/"},"modified":"2025-06-07T09:12:03","modified_gmt":"2025-06-07T14:12:03","slug":"bitcoin-btc-price-analysis-dead-cat-bounce-or-full-blown-rebound","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/07\/bitcoin-btc-price-analysis-dead-cat-bounce-or-full-blown-rebound\/","title":{"rendered":"Bitcoin (BTC) Price Analysis: Dead Cat Bounce or Full Blown Rebound?"},"content":{"rendered":"
\n
\n
\n
\"Bitcoin<\/figure>\n<\/div>\n
\n

After a major downfall in the relationship between the two most powerful pro-crypto individuals, Elon Musk and Donald Trump <\/a>on Thursday, Bitcoin (BTC) has led the wider crypto market in heightened volatility. The flagship coin teased below $101k in the past 24 hours before rebounding from the support level above $101,500 to trade about $104,543 on Friday, June 7, 2025, during the late North American trading session.<\/p>\n

Amid the heightened crypto volatility, which caused a significant spike in forced crypto liquidations, the fear of further short-term selloffs remains palpable. Moreover, Bitcoin\u2019s fear and greed index dropped from over 62 percent, suggesting market greed, to about 45 percent at the time of this writing.<\/p>\n

What Next for Bitcoin Price?<\/h2>\n

Since recently hitting a new all-time high of around $111,690, BTC price<\/a> has been trapped in a short term falling trend. The recent rebound in the past 24 hours confirmed that BTC price continues to move in a symmetrical falling channel.<\/p>\n

\"BTC<\/figure>\n

From a technical analysis standpoint, the BTC price is at a crucial crossroads, which could either mean further correction or a fresh rally toward a new ATH. From the bullish point of view, BTC price has recorded a golden cross in the daily timeframe between the 50 and 200 Moving Average Simple (SMA).<\/p>\n

In the four-hour timeframe, the BTC price has been retesting the upper border of the falling channel. With the 4-hour MACD<\/a> line having crossed the signal line, BTC price may continue with bullish sentiment beyond $106k.<\/p>\n

From the bearish perspective, the BTC price has not yet formed any solid reversal pattern after being trapped in a falling channel in the past few weeks. As a result, a potential close below the support level around $103,329 will trigger a correction towards the support level around $101,570.<\/p>\n<\/div>\n

\n

We’d Love to Hear Your Thoughts on This Article!<\/h2>\n
\n

Was this writing helpful?<\/h4>\n<\/div>\n<\/div><\/div>\n

Read More<\/a>
\n Steve Muchoki<\/p>\n","protected":false},"excerpt":{"rendered":"

After a major downfall in the relationship between the two most powerful pro-crypto individuals, Elon Musk and Donald Trump on Thursday, Bitcoin (BTC) has led the wider crypto market in heightened volatility. The flagship coin teased below $101k in the past 24 hours before rebounding from the support level above $101,500 to trade about $104,543<\/p>\n","protected":false},"author":1,"featured_media":853952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,4759],"tags":[],"class_list":["post-853951","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-price"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/853951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=853951"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/853951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/853952"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=853951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=853951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=853951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}