TRUTH SOCIAL FILED FOR SPOT BITCOIN ETF:
On June, 5,2025, Truth social led by president Donald Trump, made an advancement toward the plans for spot Bitcoin ETF ; called Truth Social Bitcoin ETF. The company filed an S-1 document with the Security and Exchange commission [SEC], to register the Fund, following a 19b-4 filing by NYSE Arca on 3 of June. This showed a deep institutional interest in to the crypto market, which further fueled the market bullish momentum.
BITCOIN EXPERIENCED STRONG RESISTANCE AGAIN AT $110K PRICE LEVEL:
Going by a 4 hour time frame, Bitcoin had a good rally toward $110k price level on 09, June 2025, but failed to break this level and got rejected. following the analysis we can see that Bitcoin retested this level like three good times, but failed to breakthrough. As a result we saw a massive sell off in to the lower price territory at $108k price level, even breaking this level lower to $107k , according to the analysis from my last article.
currently, we are experiencing support at $107k price level. If we break this level, we might be heading back to $100k price level, but if not, and it happens that the support level holds strong, we are sure to see increment in price as the buy volume increases. keep your eyes on key levels to make an informed investment.
GOLD EXPERIENCES SIGNIFICANT PRICE VOLATILITY:
Gold market experiences increased volatility. XAU opened the week on 08,June'25 with a gap up into the price of about $3,321.27 price level and slowly dropped down to balance the market, from where we had a strong support and price consolidated within an upward direction forming a triple bottom and slowly moved up to the price of $3,345 level at the upper territory where we had minor resistance. Breaking this level, we experience increase volatility as price post many variables, with an impulse to the $3377.3 price level. At the time of writing, gold was at $3394, displaying a very strong bullish momentum with increase in buy volume.
I am perceiving that gold will be heading to $3500 price level if the momentum persist. There are key levels to keep your eyes on which are $3408 price level where we might experience strong resistance, going by 4hr time frame, and $3,435 price level.
NOTE: This analysis is completely technical without consideration to the fundamentals, please you are always advised to do your own research before jumping on any idea. thanks for stopping by.
