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Bitcoin Rebounds Above $105k: Healthy Pullback or Deeper Correction?
ByBullRush
Sunday, Jun 8, 2025 8:54 am ET1min read
Bitcoin prices rebounded from a dip below $101,000 to climb above $105,000 after a US financial market fallout between President Trump and Elon Musk. Analyst KillaXBT attributes the rebound to technical and market factors, including daily FVG and volume imbalances, and a short squeeze setup. Bitcoin is currently retesting a resistance zone between $104,800-$106,000, with potential scenarios for bullish continuation, price decline, and retest of support levels.
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