The cryptocurrency market, particularly Bitcoin (BTC), continues to draw significant attention as analysts and traders speculate on whether the current bull run has reached its peak. A recent tweet from a prominent crypto influencer, Crypto Rover, on June 3, 2025, boldly claimed that 'Bitcoin top isn't in yet,' suggesting that the leading cryptocurrency still has room to grow. This statement comes amidst a volatile yet upward trajectory for BTC, with its price hovering around 94,500 USD as of 10:00 AM UTC on June 3, 2025, according to data from CoinGecko. This price point reflects a 3.2% increase over the past 24 hours, accompanied by a trading volume of approximately 38 billion USD across major exchanges like Binance and Coinbase. The optimism in the market is further fueled by macroeconomic factors, including a dovish stance from the Federal Reserve in recent weeks, which has bolstered risk assets across both crypto and stock markets. Notably, the S&P 500 index also recorded a 1.1% gain on June 2, 2025, closing at 5,280 points, as reported by Yahoo Finance, indicating a broader risk-on sentiment that often correlates with Bitcoin's price movements. This interplay between traditional financial markets and cryptocurrencies provides a critical backdrop for traders looking to capitalize on potential upside in BTC and related altcoins.

From a trading perspective, the assertion that Bitcoin's top is not yet in opens up several opportunities and risks for market participants. If BTC continues its ascent, key resistance levels to watch are at 98,000 USD and the psychological barrier of 100,000 USD, based on historical price action and Fibonacci retracement levels observed on the daily chart as of June 3, 2025, at 12:00 PM UTC. On the flip side, a failure to sustain momentum could see support tested at 90,000 USD, a level that has held firm during recent pullbacks. Cross-market analysis reveals a strong correlation between Bitcoin and major stock indices, with a 0.78 correlation coefficient between BTC and the Nasdaq over the past 30 days, according to data from TradingView as of June 3, 2025. This suggests that any sudden downturn in tech-heavy indices could spill over into crypto markets, impacting BTC and altcoins like Ethereum (ETH), which traded at 3,800 USD with a 2.9% gain at 11:00 AM UTC on the same day. Additionally, institutional money flow, as evidenced by a 15% increase in Bitcoin ETF inflows reported by Bloomberg on June 2, 2025, indicates sustained interest from traditional finance, potentially driving further upside. Traders should monitor these inflows alongside stock market sentiment for optimal entry and exit points.

Diving into technical indicators, Bitcoin's Relative Strength Index (RSI) on the 4-hour chart stands at 68 as of 1:00 PM UTC on June 3, 2025, per Binance data, signaling overbought conditions but not yet extreme levels that typically precede a reversal. The Moving Average Convergence Divergence (MACD) shows bullish momentum with a positive histogram, reinforcing the potential for further gains. On-chain metrics are equally telling, with Glassnode reporting a 12% increase in active Bitcoin addresses over the past week as of June 3, 2025, alongside a net inflow of 25,000 BTC into exchange wallets, which could indicate short-term selling pressure. Trading volumes for BTC/USD and BTC/USDT pairs on Binance spiked by 18% to 9.2 billion USD in the last 24 hours ending at 2:00 PM UTC on June 3, 2025, reflecting heightened market activity. Meanwhile, Ethereum's trading volume for ETH/USD reached 4.5 billion USD in the same period, showing parallel interest in major altcoins. The correlation between Bitcoin and crypto-related stocks like MicroStrategy (MSTR), which gained 2.3% to 1,650 USD on June 2, 2025, per Yahoo Finance, underscores the interconnectedness of these markets. Institutional involvement remains a key driver, with reports from CoinDesk on June 3, 2025, highlighting a 10% uptick in Grayscale Bitcoin Trust (GBTC) trading volume, signaling sustained confidence from larger players. For traders, these data points suggest a cautiously optimistic outlook, with a focus on managing risk through stop-loss orders near key support levels while eyeing potential breakout zones.

In summary, the interplay between stock market movements and cryptocurrency performance remains a critical factor for traders. The positive sentiment in equities, combined with institutional inflows into Bitcoin ETFs and crypto-related stocks, provides a supportive environment for BTC as of June 3, 2025. However, vigilance is required given the overbought technical indicators and potential for cross-market volatility. By aligning trading strategies with these correlations and on-chain data, investors can better navigate the current landscape, capitalizing on opportunities while mitigating risks associated with sudden shifts in market sentiment.