“BTC/USD Declines Following Reaching Projected Target – Market Analysis | 06-01-2026”

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Bitcoin’s price declined in its latest intraday session, following the stabilization near the key resistance at $94,000, which had been identified as a potential target in our previous analysis. The pullback marks a period of consolidation after the strong gains achieved earlier.

This decline is accompanied by efforts to ease overbought conditions on the Relative Strength Index, with emerging negative signals indicating a temporary momentum cooldown. This pause could help restore bullish momentum, potentially supporting another attempt to break the $94,000 resistance, amid the continuation of the short-term bullish trend.

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