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The Bitcoin price climbed 3% in the last 24 hours to trade at $104,464 as of 10:51 p.m. EST on a 30% drop in daily trading volume to $28 billion.
The price jump came as the Elon Musk-Trump feud over Trump’s ”big, beautiful bill” cooled a tad. Musk had called the bill a ”disgusting abomination” filled with pork, prompting Trump to threaten to cancel government contracts for Musk companies including Tesla and SpaceX.
I’m sorry, but I just can’t stand it anymore.
This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.
Shame on those who voted for it: you know you did wrong. You know it.
— Elon Musk (@elonmusk) June 3, 2025
Bitcoin bounced back after Musk indicated he’s open to a cooling off period after the feud exploded.
Bitcoin Price Struggles To Hold Range
The BTC/USDT chart, spanning late May to mid-June 2025, shows BTC price consolidating between the $102,000 and $105,000 range after surging from around the $92,449 mark on May 5.
The price kicked into high gear, smashing through a key resistance zone near $105,000 on May 22, soaring to $112,000 before retracing back into the range on May 29. On June 5, the price suddenly dropped aggressively below the $102,000 support, but bulls have managed to push it back into the range once more.
The price action over the past 29 days suggests the market is undergoing heavy manipulation from big players, possibly market makers.
BTCUSDT Analysis Source: Tradingview
Those green upward arrows show areas where smart money initiated buys, while red arrows show where big players pushed the price lower.
On two occasions, market makers executed “Liquidity Runs,” where they pushed prices way above or below the range boundaries to liquidate stop loss targets set around those price levels, flushing weak hands from the market.
BTC Price Targets $115K If $105K Breaks, But $100K Retest Still Possible
The 50-day Simple Moving Average (SMA) at $105,982 acts like a solid resistance level, while the blue trendline (200-day SMA) suggests bullish momentum is still in play.
Down below, the Relative Strength Index (RSI) at 48.23 hints BTC price is not overbought yet. The Moving Average Convergence Divergence (MACD) is bearish but shows a potential bullish crossover is imminent, a classic signal for more upside.
Looking ahead, If BTC breaks above $105,000, it may enter into another range between $105,000 and $112,000. If BTC breaks and holds above the 50-day SMA and clears that liquidity zone, we could see a run toward $115,000 by month-end.
But if the feud escalates and spooks the bulls, a dip back to $100,000 isn’t off the table.
Bitcoin Hyper Presale Nears $700k – Next Crypto To Explode?
As the Bitcoin price consolidates, the Bitcoin Hyper (HYPER) presale, which promises to bring lightning-fast transactions and low costs to Bitcoin’s ecosystem, has raised over $662k.
Bitcoin Hyper uses the Solana Virtual Machine (SVM), a tech powerhouse that processes thousands of transactions per second, leaving Bitcoin’s sluggish 7 transactions per second in the dust. That means Bitcoin can be sent and received on Bitcoin Hyper’s Layer 2 almost instantly
But it’s not just about payments. Bitcoin Hyper opens the door to decentralized apps (dApps), DeFi, and even meme coins, bringing Bitcoin into the modern crypto party.
$HYPER's spreading BTC L2 all over the place. ⚡️
dApps will never be the same again. 🔥 pic.twitter.com/YX8IQezlWI
— Bitcoin Hyper (@BTC_Hyper2) June 6, 2025
Investors can now send Bitcoin to a secure address via the Canonical Bridge, where it’s verified and minted on Bitcoin Hyper’s Layer 2.
You can trade, stake, or use dApps at breakneck speed from there. Transactions are bundled with zero-knowledge proofs and synced back to Bitcoin’s main chain for top-notch security. If you want your Bitcoin back, just withdraw, and it’s back on Layer 1, safe and sound.
HYPER Presale Offers Massive Staking Rewards
The HYPER token fuels this ecosystem, powering everything from transactions to governance. With 21 billion tokens total, 20% are up for grabs in the presale, and 30% go to development, ensuring the project keeps innovating.
Early buyers also get a shot at staking rewards with a staggering annual yield of 1,122% right now. That return will fall as more tokens are staked so it’s best to get in early.
Crypto analyst and YouTuber TodayTrader, who has over 13K subscribers, believes HYPER could turn investors “into crypto millionaires in 2025.”
To join, grab some ETH, USDT, BNB, or a credit card, connect your wallet, and buy on the Bitcoin Hyper website.
The presale is currently selling at $0.0118 per token. Interested investors should buy before a price hike in a little more than 1 day.
Visit the Bitcoin Hyper website.
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