Bitcoin on the Verge of Correction 🟡Bitcoin ended May at a record high of $105,700, posting an 11% gain. However, technical indicators point to a potential correction toward $100,000. Bearish RSI divergence and the behavior of large holders increase the likelihood of a pullback, despite continued interest from retail investors. 🟡Profit-taking by whales, stablecoin outflows, and declining holdings among long-term investors suggest a shift in market phase. Nevertheless, the $100,200–$119,400 range remains a key zone to watch as the market teeters between greed and caution. https://crypto-jazz.com/crypto/2025/06/03/bitcoin-on-the-verge-of-correction/
Bitcoin on the Verge of Correction
🟡Bitcoin ended May at a record high of $105,700, posting an 11% gain. However, technical indicators point to a potential correction toward $100,000. Bearish RSI divergence and the behavior of large holders increase the likelihood of a pullback, despite continued interest from retail investors.
🟡Profit-taking by whales, stablecoin outflows, and declining holdings among long-term investors suggest a shift in market phase. Nevertheless, the $100,200–$119,400 range remains a key zone to watch as the market teeters between greed and caution.
https://crypto-jazz.com/crypto/2025/06/03/bitcoin-on-the-verge-of-correction/
