On June 4, it was reported that according to monitoring, in early June, the price of Bitcoin once fell to $103,700, hitting a recent low, which attracted market attention. Analyst Captain Faibik pointed out that the current BTC bulls and bears are fiercely contested, and the key support and resistance levels are at $103,500 and $107,500 respectively, and a breakthrough or break will determine the next stage of the trend. If it can stabilize at $107,500, it is expected to hit a new high of $117,000; However, if it falls below $103,500, it may return to bearish control. Another analyst noted that BTC needs to return above $106,500 as soon as possible to avoid further downside. As of now, the price of Bitcoin is around $105,435 and has been trending upwards over the past 24 hours