Bitcoin Market Watch: Price Breaks Above $105,000, Is the Rally Just Beginning?

6/5/2025, 4:15:28 AM
Beginner
Quick Reads
Considering the latest price of Bitcoin at approximately 105,031 USD on June 5, 2025, along with the positive news of a U.S. court blocking Trump's tariffs, analyze its short-term impact on the market.

Bitcoin current price overview


Figure:https://www.gate.com/trade/BTC_USDT

According to Gate data, as of June 5, 2025, the current trading price of Bitcoin is $105,031, which is a rise of about 1.2% compared to the previous day. This wave of market activity is a rapid recovery after a previous drop below $100,000, demonstrating the market’s recognition of bottom support.

Looking back at May 22, 2025, Bitcoin reached a historic high of $111,970, but quickly fell back due to macro uncertainty. After a brief adjustment, it has now climbed back above the $105,000 mark, reflecting that the bulls still hold a certain dominance.

Impact of U.S. Court Ruling

On May 28, 2025, the U.S. International Trade Court ruled that Trump’s tariffs on multiple countries, including China and Canada, violated the limits of presidential authority. This “tariff-blocking” decision has been described by analysts as “an epic positive signal.”

Pav Hundal, the chief analyst at Swyftx, stated that the ruling is a boost to market confidence and is expected to accelerate the flow of funds back into risk assets, with Bitcoin being one of the biggest beneficiaries. He also noted, “New highs are just around the corner, and market momentum is now irreversible.”

Technical Graphics and Market Trends

From a technical perspective, Bitcoin has established a solid support range at $100,000, while the K-line has remained above the 100-day moving average for several days. The RSI indicator is holding in the neutral to strong range, indicating that buying strength is gradually increasing.

Options market data shows that a large number of contracts have been established above $120,000, indicating that investors have a clear expectation of a rise in the next 1-2 months. If it can break through the previous high, Bitcoin may enter a new round of “price discovery” phase.

ETF capital inflow and institutional trends

According to the latest data, in the week ending May 23, the net inflow of domestic spot Bitcoin ETFs in the United States totaled $2.75 billion. This figure marks the highest weekly level for ETFs since their launch.

Institutional investors are showing a positive attitude towards increasing their positions, reflecting their judgment on the easing of policies and the warming of risk appetite. Pav Hundal even stated, “What we are seeing is a ‘wall of money’ flowing into Bitcoin.”

Advice and Risk Tips for Novice Investors

Despite the continuous positive news, novice investors still need to remain rational at this stage. Here are a few suggestions for your reference:

  1. Do not chase highs: Avoid buying heavily immediately after a big bullish candle; consider building your position in batches.
  2. Pay attention to policy changes: The Trump administration has filed an appeal, and policy reversals may lead to market volatility.
  3. Set stop-loss strategy: If the price falls below key support (such as 100,000 dollars), be sure to stop loss in a timely manner.

Conclusion

Bitcoin showcased its “digital gold” properties again in 2025. As the global trade environment slows down and macro liquidity improves, coupled with the support of spot ETFs, Bitcoin is expected to continue testing historical highs in the short term. However, there is always uncertainty in the market, and novice investors should better balance risks and opportunities, responding steadily to each fluctuation.

Author: Max
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.

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