BTC Update Thursday 6 June

Little movement to report since our last update, with $125 acting as resistance and $120 as support, as we suggested.

At some stage this $5 range will be breach in one direction or the other, but for the meantime bitcoin bulls should place their limit orders at $120 and any merchants needing to convert to back to fiat should be looking to liquidate at around $124, to maximize their return.