Bitcoin Price Prediction: June 5 – Looking for Signs of Continued Correction

The cryptocurrency market experienced a downturn today with many coins declining in value as indicated by CoinStats. 📈 Bitcoin (BTC) is no exception, having dropped 0.43% over the past day. 📉 While there was a break below the local support level of $104,426 on the hourly chart, it’s important to observe how the closing price develops. A long wick with a close far from that mark suggests a possible postponement of the ongoing correction. ⏳