Couverture de Bitcoin Surges Past $73K, Defying Musk-Trump Feud | Altcoins Awaken as Whales Accumulate | Crypto Willy's Weekly Roundup

Bitcoin Surges Past $73K, Defying Musk-Trump Feud | Altcoins Awaken as Whales Accumulate | Crypto Willy's Weekly Roundup

Bitcoin Surges Past $73K, Defying Musk-Trump Feud | Altcoins Awaken as Whales Accumulate | Crypto Willy's Weekly Roundup

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 Crypto Trading Secrets: Professional Digital Asset Strategies podcast.

# Crypto Trading Secrets: Week in Review (June 1-7, 2025)

Hey crypto fam, Crypto Willy here with your weekly dose of digital asset wisdom! What a rollercoaster week it's been in the crypto space, and I'm buzzing to break it all down for you.

The biggest headline this week? Bitcoin has been absolutely crushing it! As of this morning (June 7th), Bitcoin surged by 3.2% in just a 4-hour window, jumping from $71,200 to $73,500. We're seeing Bitcoin approaching a key resistance level around $74,200, with all eyes on whether it'll break through to the next psychological barrier at $75,000 (last seen back in March).

But here's where it gets interesting - we've just witnessed another Golden Cross pattern form on Bitcoin's chart in early June. For those new to the game, a Golden Cross is typically a bullish signal that suggests upward momentum. The price action seems to be following historical patterns, which could mean big things ahead!

Speaking of big things, did you catch yesterday's drama? The crypto world was rocked when a public spat erupted between Elon Musk and Donald Trump, sending markets into temporary chaos. Bitcoin briefly dipped below $102K before stabilizing above the $100K mark. By this morning, Bitcoin was holding steady around $105,050 - showing remarkable resilience despite the high-profile feud.

Meanwhile, Ethereum has been facing some resistance, currently trading at about $2,515 after nearly touching $2,610 earlier this week. ETH/BTC pairs have seen a 15% volume increase on Binance, suggesting some interesting dynamics at play between these two heavyweight cryptos.

For the altcoin hunters out there, whale watchers report significant accumulation of CAKE, DOGE, and OP during the first week of June. When the big money moves, it's always worth paying attention! On-chain metrics from Glassnode show a 12% increase in large BTC transactions (over $100,000) between June 5 and 7, indicating that institutional players are positioning themselves for what could be a major breakout.

There's also a fascinating correlation developing with traditional markets - the S&P 500 gained 0.8% yesterday, closing at 5,350 points, reflecting a risk-on sentiment that appears to be fueling crypto inflows.

For traders looking to capitalize on these movements, keep a close eye on that $74,200 resistance level for Bitcoin. A breakthrough could trigger a bullish rally, while a rejection might send us back to test support around $71,000. Either way, volatility equals opportunity for those who know how to play it!

That's all for this week, crypto comrades. Remember, in this market, knowledge is more valuable than any coin. Stay informed, stay strategic, and I'll catch you on the next update!

Crypto Willy, signing off.

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