Bitcoin Seeks Direction

🟠The cryptocurrency market ended the first week of June in a sideways trend, with Bitcoin trading within the $102,000–$106,000 range, reflecting a weakening bullish momentum. Pressure is mounting amid rising hashrates and mining difficulty, especially in regions facing increased electricity costs. However, a solid move above $108,000 could pave the way toward $115,000 and beyond—particularly if institutional interest continues to grow.

🟠Media events are also influencing the market—most notably, a public feud between Trump and Musk, which triggered a dip in crypto prices and a drop in the sentiment index. The upcoming Federal Reserve press conference on June 17–18 could be pivotal: even a hint at policy easing may restore investor confidence.