Welcome again to Week in Overview! Acquired heaps for you at this time, together with why Windsurf misplaced entry to Claude, ChatGPT’s new options, WWDC 2025, Elon Musk’s battle with Donald Trump, and much extra. Have an excellent weekend!

Duh: Throughout an interview at TC Sessions: AI 2025, Anthropic’s co-founder had a superbly cheap rationalization for why the company cut access to Windsurf: “I feel it will be odd for us to be promoting Claude to OpenAI,” Chief Science Officer Jared Kaplan mentioned, referring to rumors and reports that OpenAI, its largest competitor, is buying the AI coding assistant. Looks like a great purpose to me!

Every thing is similar: Chinese language lab DeepSeek launched an up to date model of its R1 reasoning AI mannequin final week that performs properly on various math and coding benchmarks. Now some AI researchers are speculating that at least some of the source data it trained on got here from Google’s Gemini household of AI.

WWDC 2025: Apple’s annual builders convention begins Monday. Past a newly designed operating system, right here’s what we’re expecting to see at this year’s event, together with a devoted gaming app and updates to Mac, Watch, TV, and extra. 

That is TechCrunch’s Week in Overview, the place we recap the week’s largest information. Need this delivered as a publication to your inbox each Saturday? Sign up here.

Information

Enterprise within the entrance: ChatGPT is getting new features for enterprise customers, together with connectors for Dropbox, Field, SharePoint, OneDrive, and Google Drive. This might let ChatGPT search for info throughout your individual companies to reply questions.

Oh no: Indian grocery supply startup KiranaPro was hacked, and all of its information was wiped. Based on the corporate, it has 55,000 prospects, with 30,000 to 35,000 energetic consumers throughout 50 cities, who collectively place 2,000 orders day by day. 

Artsy folks, rejoice! Photoshop is now coming to Android, so customers of Google’s working system can gussy up their photographs, too. The app has an identical set of enhancing instruments because the desktop model, together with layering and masking.

Let’s strive that once more: Tesla filed new trademark applications for “Tesla Robotaxi” after earlier makes an attempt to trademark the phrases “Robotaxi” and “Cybercab” failed.

Rolling in dough: Tech startup Anduril simply picked up a $1 billion investment as a part of a brand new $2.5 billion elevate led by Founders Fund, which implies Anduril has doubled its valuation to $30.5 billion. 

On the street once more: When Toma’s founders realized automobile dealerships have been drowning in missed calls, they hit the street to see the issue firsthand. That summer time street journey became a $17 million a16z-backed fundraise that helped Toma get its AI phone agents into more than 100 dealerships throughout the U.S.

Combating season: All gloves have been off on Thursday as Elon Musk and President Trump took to their respective social networks to throw jabs at one another. Although it is perhaps thrilling to look at wealthy males squabble in public, the fallout between the world’s richest individual and a sitting U.S. president guarantees to have broader implications for the tech business.

Evaluation

Cash talks: Whether or not you employ AI as a buddy, a therapist, or perhaps a girlfriend, chatbots are educated to maintain you speaking. For Large Tech firms, it’s by no means been extra aggressive to draw customers to their chatbot platforms — and keep them there.

Key takeaways:

• A 2021-style bearish divergence on the weekly chart factors to a possible 50%+ correction towards $64,000.

• Peter Brandt warns Bitcoin should reclaim its parabolic trendline quickly or danger ending its bull cycle earlier than reaching the $150,000 goal.

Bitcoin’s (BTC) surge to a document $112,000 sparked renewed hopes for a $150,000 target by year-end, however its swift correction below $105,000 is testing that bullish narrative.

Is Bitcoin portray a bearish reversal setup?

Bitcoin is portray what seems to be an inverse cup-and-handle sample, with its neckline close to $100,800 appearing as present assist. As of June 7, the worth has entered the handle-formation stage, eyeing a breakdown under the neckline.

Based mostly on the inverse cup-and-handle sample setup, a breakdown under $100,800 will enhance Bitcoin’s chance of dropping towards $91,000.

The $91,000 draw back goal aligns with BTC’s 200-day exponential shifting common (200-day EMA; the blue wave).

Bitcoin’s relative strength index (RSI) has declined in tandem with its worth, signaling sturdy dealer conviction behind the continued sell-off.

As of June 7, the RSI studying was 52, reflecting a weakening upside momentum; a break under 50 may intensify draw back stress.

To regain management, bulls should reclaim Bitcoin’s 20-day EMA (the purple wave) resistance at across the $105,000 degree. A drop towards $91,000 may successfully decrease BTC’s potential of hitting $150,000 by 2025’s finish.

2021 fractal suggests BTC received’t hit $150,000 in 2025

At a broader timescale, Bitcoin’s weekly chart is flashing a well-known warning.

A bearish divergence has shaped between worth and RSI, mirroring the 2021 cycle prime, when RSI trended decrease regardless of greater worth highs. That divergence preceded a 61% correction towards its 200-week EMA (the blue wave) and under.

An analogous construction is now seen, with a divergence forming just under the $112,000 excessive and a projected pullback goal close to the 200-week EMA at round $64,000, marking a possible 52% decline.

This historic setup casts doubt on Bitcoin reaching the extensively mentioned $150,000 goal by the top of 2025, particularly if the divergence confirms a broader market prime just like previous cycles.

Veteran dealer Peter Brandt provides additional weight to this outlook.

In his Could 2025 evaluation, Brandt identified a rising wedge sample and warned that Bitcoin should reclaim its parabolic trendline to remain on monitor for a $125,000–$150,000 cycle prime by August or September 2025.

He notes that Failure to take action may mark the top of the present bullish cycle—probably triggering a typical 50–60% drawdown following prior tops.

Gold’s trajectory, Bitcoin “bull flag” trace at a $150K

Regardless of rising technical warnings, some analysts stay assured in Bitcoin’s path towards $150,000.

Merchants see similarities between Bitcoin’s present market construction and gold’s explosive breakout within the 2000s. They argue that BTC could mimic gold’s historic trajectory, reinforcing the $150,000 situation.

Analyst Tony Severino cites a possible bull flag construction to foretell a BTC worth growth towards $150,000.

From an onchain perspective, Bitcoin researcher Axel Adler Jr. believes BTC is approaching a crucial “begin” rally zone based mostly on historic cycle patterns.

If the NUPL/MVRV ratio breaks and holds above 1.0, it will point out the beginning of a brand new bullish impulse, the analyst notes, saying it may push Bitcoin’s worth towards the $150,000–$175,000 vary, just like the rallies seen in 2017 and 2021.

This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a call.