- Bitcoin consolidates between $106.5K supply and $101.8K demand zones as traders await a breakout or breakdown signal.
- Institutional activity defines current resistance and support, with bulls needing to flip $106.6K for further upside confirmation.
- Despite recent price weakness, the ascending trendline and key demand zone support a bullish bias in Bitcoin’s structure.
Bitcoin traded at $105,391.93 on June 2, 2025, showing a slight 0.24% dip from earlier levels. The market is currently ranging between two major zones—supply around $106,500 and demand near $101,800. Price action has slowed after a sharp decline from late May highs above $112,000. This tight consolidation suggests a potential build-up before a major directional move.
The 4-hour timeframe according to analyst Scient, highlights a range-bound structure. Buyers are stepping in near $101,800 while sellers remain active below $107,000. Hence, these zones serve as short-term decision points. Any break and hold above $106,600 could trigger a bullish breakout. Conversely, a breakdown below $101,800 may open the door for further downside.
Institutional Supply and Demand Zones Shape Price Action
Institutional activity is evident within these technical zones. The $106,000–$107,000 supply area reflects strong selling pressure. Sellers previously rejected prices here multiple times, preventing upside continuation. Additionally, the demand zone near $101,802 aligns with prior accumulation, offering strong support.
Source: Scient
Moreover, the ascending trendline from early May remains intact. This line has supported several swing lows, signaling ongoing bullish sentiment. Although the price trades below recent highs, it holds well above this critical trendline. Hence, the longer-term structure remains constructive.
Volume Patterns Reflect Market Caution
Volume spikes confirm the significance of recent moves. Strong buying volume accompanied the surge to $112,000. Later, heavy selling volume confirmed rejection from the highs. Now, with volume dropping, the market reflects indecision and awaits fresh catalysts.
Consequently, short-term traders are favoring quick scalps between key levels. This strategy limits exposure while capitalizing on intraday volatility. For broader upside, bulls must reclaim and flip the $106.6K level. Until then, the market may consolidate with minor swings.
Additionally, the price structure still leans bullish. Bitcoin remains above major support zones, and institutional interest at lower levels provides a safety net. Traders now monitor for two or three drives toward the lows. These moves could pave the way for a strong breakout.
