Bitcoin price edged above $105,000 on June 4, yet price action remains muted. Despite this, price action remains subdued, with retail investors largely on the sidelines. Digital asset funds saw $286 million in inflows last week, but Bitcoin-specific funds experienced $8 million in outflows, ending a six-week streak of gains
This stagnation coincides with escalating global trade tensions. On June 4, President Trump doubled tariffs on imported steel and aluminum to 50%, targeting major suppliers like Canada and Mexico. The UK secured a temporary exemption, while the EU continues negotiations to avoid similar penalties. Simultaneously, U.S.-China relations have deteriorated, with both nations accusing each other of violating trade agreements, particularly concerning rare-earth exports and technology restrictions.
These developments have prompted the OECD to lower its global growth forecast to 2.9% for 2025-2026, citing the adverse effects of the trade war. The U.S. economy is expected to bear the brunt, with projections indicating a short-term bout of stagflation—stagnant growth coupled with elevated inflation.
Despite these headwinds, seasoned analysts maintain a bullish outlook for Bitcoin, projecting a price of $300,000, with $250,000 achievable within 2025.
Analysts Predict $250K in 2025, Banking On Macro and Institutional Backing
Veteran analysts have aligned around a bold thesis: Bitcoin could reach $250,000 within 2025, with long-term projections climbing as high as $3 million. Co-founder of Fundstrat, Tom Lee reaffirmed his $3 million forecast this week, citing accelerating supply scarcity and increased institutional adoption.

Lee, who correctly called Bitcoin’s $100,000 peak in late 2024, attributes the next wave of growth to Bitcoin’s rising status as a digital reserve asset. As of 2025, over 95% of Bitcoin’s total supply has been mined, while demand continues to rise amid geopolitical uncertainty and a weaker fiat backdrop.
Joseph Lubin, co-founder of Ethereum and CEO of Consensys, endorsed Lee’s projection during a June 3 panel, positioning Bitcoin as “Gold 2.0” and a pillar of decentralized financial infrastructure.

Lubin’s remarks emphasized Bitcoin’s evolving role not just as a hedge, but as “permissionless economic bandwidth,” necessary for decentralized applications to function securely. The argument gains further weight considering recent capital inflows into Bitcoin ETFs, which now manage over $100 billion in assets. BTC’s market cap crossed $1.4 trillion in March, surpassing silver and solidifying its place among the top global assets.
If current macro trends—particularly trade war-induced stagflation and negative real yields—persist through the year, Bitcoin’s asymmetric upside may accelerate sharply. The $250,000 mark no longer looks speculative. It looks programmed.
Bitcoin Price Faces Rejection Near $106K as Technical Weakness Emerges
While the BTC price tag of $3 million, or even $250,000, sounds good, the current scenario suggests that the token is currently facing intense bearish pressure.
Bitcoin price rose a meagre 1% on June 4 to breach $106,000 before paring gains, but bulls managed to keep BTC above the $105,000 price level. The rejection near $106,000 reinforces this level as a key short-term resistance. Price action shows bears aggressively defending this threshold, leading to increased downside pressure as intraday momentum fades.

If selling persists, the BTC to USD conversion rate may retest the 50-day exponential moving average, currently near $100,800. A breakdown below the immediate support level would invalidate the current uptrend and expose BTC to a deeper correction toward the next key support near $95,630, aligned with the 0.236 Fibonacci retracement. This zone could act as a make-or-break point for short-term bullish sentiment.
On the upside, reclaiming lost ground would require a decisive move above $106,000. The first resistance remains near $109,100. Flipping this level would shift market structure back in favor of buyers and clear a path for BTC to target the $114,970 resistance, charting a new ATH along the way.
Volume remains muted, suggesting a current lack of strong conviction among buyers. The Relative Strength Index has dipped to 54.15, reflecting fading momentum without signaling immediate oversold conditions. Until bulls reclaim initiative above $109,100, further downside risk remains elevated. Bitcoin’s price structure continues to hinge on its ability to defend the $100,800 support and attract renewed buying interest at lower levels.