Bitcoin Market Analysis & 7-Day Forecast (May 31 – June 6, 20Bitcoin / U.S. DollarGEMINI:BTCUSDStoxello As of May 31, 2025, Bitcoin (BTC) is trading at approximately $104,749, reflecting a modest rebound from earlier lows of around $103,289. Despite recent volatility, several factors suggest that Bitcoin’s price may be poised for further recovery. Technical Indicators Overview: 4-Hour RSI: 31.83 – Approaching oversold territory, indicating potential for a short-term rebound. 1-Day RSI: 49.58 – Neutral zone, suggesting balanced momentum without clear overbought or oversold conditions. Moving Averages: BTC is trading below its 20-day and 50-day Exponential Moving Averages (EMAs), which are at $105,000 and $107,000 respectively, indicating a bearish trend. Support and Resistance Levels: Immediate support is found at $100,000, with strong resistance near the recent high of $111,970. Market Sentiment and Fundamentals: Institutional Adoption: Significant institutional interest is evident, with companies like MicroStrategy holding over 580,000 BTC as of May 25, 2025. Regulatory Environment: The establishment of the U.S. Strategic Bitcoin Reserve and favorable policies under the Trump administration have bolstered market confidence. ETF Inflows: BlackRock's Bitcoin ETF (IBIT) recorded $5.95 billion in inflows during May 2025, adding 56,798 Bitcoins to its holdings, with assets under management hitting $12.5 billion. 7-Day Bitcoin Price Forecast: May 31, 2025: $104,749 – Consolidation phase with neutral RSI suggesting limited volatility. June 1, 2025: $105,500 – Anticipated slight uptick as market stabilizes. June 2, 2025: $106,200 – Gradual increase driven by positive market sentiment. June 3, 2025: $107,000 – Testing resistance levels; watch for potential breakout. June 4, 2025: $108,500 – Possible retest of recent highs; monitor RSI for overbought signals. June 5, 2025: $110,000 – If momentum continues, new highs could be achieved. June 6, 2025: $111,500 – Sustained bullish trend contingent on market conditions and volume. Conclusion: The current technical indicators and market fundamentals suggest a cautiously optimistic outlook for Bitcoin in the coming week. While the RSI levels indicate room for growth, it's essential to monitor for signs of overbought conditions as prices approach previous highs. Investors should stay informed on regulatory developments and institutional activities that could influence market dynamics. Note: This forecast is based on current market data and technical analysis. Cryptocurrency markets are highly volatile, and prices can change rapidly. Always conduct your own research and consider risk management strategies before making investment decisions.