HashWhale

This week, Bitcoin's trend first rose and then fell, with a moderate upward movement in the early stage, followed by pressure and a decline, accelerating downward towards the end. On June 6, the price of Bitcoin dropped significantly, reaching a low of $100,501, essentially giving back all the gains made during the week. The short-term technical outlook has weakened, and the market has entered an adjustment phase. In terms of miner income, affected by the drop in coin prices, total earnings this week saw a slight retreat compared to last week, but overall, it remains at a historically high level, with mining revenue showing a certain degree of stability and sustainability.

This week, Bitcoin has maintained a wide range of fluctuations, with the market in a high-level consolidation and chip restructuring phase. The technical support structure is clear, showing good market resilience. Overall, Bitcoin is in a healthy technical consolidation period and may continue to maintain a fluctuating trend in the short term, accumulating momentum for the subsequent trend. Meanwhile, Hashprice has performed steadily, overall better than mid-May levels, and mining operations remain stable.

This week, Bitcoin showed a fluctuating upward trend, continuously breaking through multiple key resistance levels, demonstrating a strong performance. The price successively broke through the two major psychological barriers of $110,000 and $111,000, setting a new stage high with significant gains. The market is expected to further open up upward space. Meanwhile, the overall profitability of mining activities continues to improve, significantly expanding miners' profit margins.

This week, Bitcoin showed an overall trend of "rising and then falling, followed by a consolidation and recovery." The short- and medium-term moving averages are in a bullish arrangement, and the weekly MACD is bullish, indicating an increase in market upward momentum. With no significant negative macro factors, the bullish pattern is expected to continue, gradually challenging historical highs. Meanwhile, despite increased volatility, mining profits remain stable, the overall network hash rate has recovered, and the mining ecosystem is operating well.

This week, the Bitcoin market showed an overall "initial decline followed by a rise" trend, with prices continuously breaking through multiple key technical resistance levels, strongly surpassing the $100,000 mark and reaching a new high for the period. Accompanied by the price increase, the Bitcoin hash price has steadily rebounded, nearing the high range of the past month, rising for several consecutive days, indicating that the market's demand for computing power resources remains strong. Currently, most miners are maintaining profitability, and the overall operation of the mining industry is in good shape.

This week, Bitcoin's overall trend showed a wide range of fluctuations upward, achieving an effective breakthrough, with a peak reaching $97,436, setting a new phase high. Market volatility has intensified, and funding sentiment has improved. The technical indicators have formed a "golden cross" pattern, indicating that there is still upward potential in the market. Meanwhile, the total revenue of Bitcoin miners in April 2025 is approximately $1.15 billion, and as prices continue to rise, miners' profitability is expected to further enhance.

This week, Bitcoin strongly broke through $90,000, $92,000, and $94,000, breaking free from months of downward trend and starting a new round of upward cycle. The market is worried about the tense relationship between Trump and the Federal Reserve, as well as the unclear direction of dollar policy, which has driven funds into Bitcoin. Meanwhile, the easing of China-U.S. trade relations has also boosted market sentiment. The expectation of price increases is likely to improve miners' costs and profitability.

This week, the price of Bitcoin has strongly rebounded from previous lows, maintaining overall above $82,000. Despite multiple attempts to break through, it has not achieved an effective breakthrough. Bullish forces are trying to gently push the market up, but the overall trend is still highly constrained by the macroeconomic environment. Meanwhile, on April 13, the total network hash rate of Bitcoin briefly surpassed 1000 EH/s, setting a new historical high.

This week, driven by macro factors, the Bitcoin market experienced significant volatility, with overall sentiment strongly influenced by external variables. In terms of mining, current mining revenues are generally below the breakeven point, and most miners are facing profit compression or even losses. Bitcoin completed a new round of difficulty adjustment at block height 891,072, with the difficulty increased by 6.81% to 121.51 T, setting a new historical high and further intensifying the operational pressure on miners.

This week, the Bitcoin market was affected by Trump's latest tariff policy, with the market rising and then falling. Analysts expect that if a second rebound occurs, the base price of Bitcoin could rise to around $110,000. In the current market environment, miners' profit margins are facing significant pressure. In addition, the mining difficulty of the Bitcoin network is expected to see a new round of adjustments in about one day.