Key points:
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Bitcoin remains close to its former heights of all time at the end of 2024 while American actions digesting increased tensions in Europe.
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Merchants increase the nerves of the market after BTC / USD drops 8% compared to its last record of $ 112,000.
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June can finish flat without another market catalyst.
Bitcoin (BTC) asked for a new test of the 2024 summits at the opening of June 2 in Wall Street while the tensions of Russia-Ukraine have returned to the market.
Bitcoin oscillates while the bulls fight for 2024 peak
Cointelegraph Markets Pro and TradingView data showed that BTC / USD fell below $ 104,000.
American actions cautable cautiously in the middle of the expectations of future geopolitical volatility. Commenting, Trading Resource Kobeissi’s letter underlined the uncertainty of the current situation.
“It is indeed the price of the market for the Russia-Ukraine peace agreement on which President Trump has been working for more than 3 months,” he wrote in part of current X coverage, referring to the objective of US President Donald Trump to stop the conflict.
“However, we have not yet received a single comment from the United States or President Trump. Obviously, something happens behind the scenes. How will the United States react?”
Cryptographic voices had similar concerns, independent analyst Filbfilb predicting an unwanted result for risk assets.
“The markets seem to have difficulties for me, with gold that seems strong and tensions with climbing Russia lead me to suspect the sale today on cards and for early June,” he told X followers during the day.
Filbfilb predicted that actions should find a new bullish momentum, Bitcoin “would probably surpass” accordingly, adding that BTC “always looks bullish” in the long term.
Some traders shared this point of view, including the popular trader Jelle, who hinted that the reactions to the current retain of local stockings were too down.
#Bitcoin always hovering above local support.
The chronology and especially my commentary section seems filled with fear and abandonment.
Relax. pic.twitter.com/bkgyvqcszr
– Jelle (@cryptojellenl) June 2, 2025
Others complimented the monthly fence of May, which found itself the highest Bitcoin of all time – although little with a fanfare.
“This is one of the most beautiful monthly fences that you could wish for $ BTC,” replied his compatriot Trader Mustache.
BTC price action “Disonnée” expected
For the future, market players were undecided – after the recent volatility, they agreed, BTC / USD may need a period of side negotiation.
In relation: $ 100,000 of Retest VS the highest monthly closing of all time: 5 things to know in Bitcoin this week
“Despite volatility, BTC continues to hover over $ 102,000, a testimony to underlying support. Volatility on the Fronend has regularly compressed, and risk inversions began to normalize through tenors, “wrote the trading company QCP Capital in its latest telegram of channel sub-attributors.
“This signals expectations for the action of short -term silent prices.”
QCP gave a price corridor of $ 100,000 to $ 110,000 in the future in the absence of additional volatility catalysts.
The popular merchant Daan Crypto Trades took the previous monthly opening behavior for the clues.
“I think there is a good chance that the first week is probably a decision that can be disappeared by seeing the first signs of a local reversal. If this is the case, I will stick to this trend for the rest of the month”, part of a post on the subject read.
Daan Crypto Trades expressed a “strong bias towards one or the other direction” for June as a whole.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks, and readers should conduct their own research when they make a decision.
