Daily Crypto Signals: Bitcoin Traders Eye $100K Support, TON Network Recovers from Brief Outage
Bitcoin traders are prepared for a possible retreat to the psychologically critical $100,000 mark amid negative RSI divergence signs.
Quick overview
- The Open Network (TON) experienced a brief 40-minute outage due to masterchain deployment issues but has since resumed operations.
- Bitcoin traders are cautious as the cryptocurrency faces potential declines towards the $100,000 mark amid negative RSI divergence signals.
- MicroStrategy continues its aggressive Bitcoin acquisition strategy, recently adding 4,020 BTC to its holdings, which now total 580,250 BTC.
- Ethereum and other altcoins are showing signs of consolidation and potential upward movement, with analysts watching key resistance levels.
While The Open Network (TON) has effectively resumed operations following a 40-minute outage generated by masterchain deployment queue issues, Bitcoin traders are prepared for a possible retreat to the psychologically critical $100,000 mark amid negative RSI divergence signs.
Crypto Market Developments
The crypto market displayed conflicting signals over the weekend; institutional players continuing adopting aggressive acquisition strategies while Bitcoin struggles to maintain momentum above $105,000. Charging 25 people in connection with attempts at crypto-related kidnapping, French police made headlines stressing ongoing security concerns in the field of digital assets. Michael Saylor, a co-founder of MicroStrategy, also indicated an interest in discussing Bitcoin on The Joe Rogan Experience podcast, so maybe bringing the coin front and center for broad consumption.
Following technical signals indicating a possible cooling-off period following Bitcoin’s remarkable 50% increase, market experts are especially vigilant. For May, the monthly candle closure indicates strong 11% gains; yet, weekly timeframe data reveals alarming bearish divergence patterns suggesting brief downturn ahead.
Bitcoin Ends May with 11% Gains, What to Expect in June
Bitcoin BTC/USD completed May with an 11% monthly increase but suffers technical headwinds as traders focus on the weekly closing for directional signals. Currently testing important support levels around $104,450, the top cryptocurrency is correspondingly local from December 17, 2024.
Technical analysis shows on weekly timescales a negative divergence developing between market movement and the Relative Strength Index (RSI). While another analyst Titan of Crypto cautioned that the divergence might have more general effects on bullish mood, popular trader Matthew Hyland characterised the weekly closing level as “pivotal”.
Should selling pressure rise, two main fair value gaps—at $97,000 and $90,000—represent possible downside targets. Nonetheless, traders remain positive about the general state of the market since the bull market support level of $84,000 offers a necessary backup.
Based on order book liquidity data, the $100,000 level seems to be a major price magnet should the market drop more. While emphasizing that the larger upswing is still intact, CrypNuevo observed that “it’s a strong psychological level and liquidity tends to stack in these levels.”
MicroStrategy keeps up its aggressive Bitcoin accumulation plan; its most recent acquisition of 4,020 BTC, valued at about $427 million, brings its holdings to 580,250 BTC. SaylorTracker data shows that the company’s Bitcoin investment is up over 50%, meaning unrealized capital gains of about $20 billion. Rising market players are expressing worries about the absence of consistent proof of reserve audits, though, and some are wondering whether MicroStrategy even owns the Bitcoin it says.
TON Network Suffers Brief Outage on June 1
TON Network (TON) The Open Network had a brief but noteworthy outage on June 1 with block production stopped owing to a masterchain deployment mistake. TON officials reported the problem at 12:51:00 UTC and effectively restored network capability about forty minutes later.
“A quick fix was released, and updating only a few masterchain validators was sufficient to resume block production,” the development team revealed. Significantly, the disruption had no bearing on any funds; transactions entered during the outage stayed safe.
This event highlights the continuous difficulties high-throughput blockchain systems experience as they grow to handle rising traffic and complex applications. Similar problems have past TON, most notably in August 2024 when strong demand for DOGS memecoin minting resulted in numerous network failures spanning several hours.
TON draws notable institutional interest even with these technical difficulties. Rising $400 million from well-known venture capital companies such Sequoia Capital, Draper Associates, CoinFund, and SkyBridge in March 2025, the network showed ongoing faith in the long-term viability of the platform.
Though the recent outages show the technical complexity involved in preserving high-performance blockchain infrastructure, the symbiotic relationship of the network with Telegram messaging platform puts it especially in the blockchain ecosystem.
Top Altcoins to Watch Today
- Ethereum (ETH) is consolidating around the 20-day EMA at $2,496 after failing to sustain above $2,738 resistance. Analysts believe ETH’s chart patterns could signal the beginning of the next altcoin season, with potential upside targets at $3,000 and $3,253 if buyers can clear overhead resistance.
- Following a steep decline from $40, Hyperliquid (HYPE) is finding favor near the 20-day EMA around $30.76. Bulls must push above $35.73 if they are to keep their position strong; possible goals are $40 and $42.25. Maintaining upbeat momentum will depend critically on the token’s capacity to retain current support levels.
- From the 50-day SMA around $379, Bittensor (TAO) showed a rapid comeback approaching $495 above resistance. Should buyers be able to break above this level, completing a bullish inverse head-and-shoulders pattern might aim for $589 and finally $720.
- Having dropped from $120, Quant (QNT) is holding support at the 20-day EMA around $101. If buyers can push price above the $120 barrier level, the upward sloping moving averages and positive RSI point to possibility for a rebound to $142.
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