Bitcoin price started a fresh increase and cleared the $64,500 zone. BTC is consolidating and might aim for more gains above the $66,200 level. Bitcoin managed to stay above $62,500 and started a fresh increase. The price is trading above $64,500 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $64,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $65,500 and $66,200 levels. Bitcoin Price Regains Strength Bitcoin price found support near $60,800 and started a fresh increase. BTC gained pace for a move above the $61,500 and $63,200 resistance levels. The bulls even pushed the price above $64,500. A high was formed at $65,847, and the price started a consolidation phase above the 23.6% Fib retracement level of the upward move from the $60,746 swing low to the $65,847 high. Bitcoin is now trading above $64,500 and the 100 hourly simple moving average. Besides, there is a bullish trend line forming with support at $64,200 on the hourly chart of the BTC/USD pair. If the price remains stable above $64,500, it could attempt a fresh increase. Immediate resistance is near the $65,500 level. The first key resistance is near the $66,200 level. A close above the $66,200 resistance might send the price further higher. In the stated case, the price could rise and test the $66,800 resistance. Any more gains might send the price toward the $67,500 level. The next barrier for the bulls could be $68,000. Another Decline In BTC? If Bitcoin fails to rise above the $66,200 resistance zone, it could start another decline. Immediate support is near the $64,650 level. The first major support is near the $64,200 level. The next support is now near the $63,300 zone or the 50% Fib retracement level of the upward move from the $60,746 swing low to the $65,847 high. Any more losses might send the price toward the $62,500 support in the near term. The main support now sits at $61,800, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $64,650, followed by $64,200. Major Resistance Levels – $65,500 and $66,200.
A crypto analyst has stated that the Bitcoin price remains firmly in a bear market, projecting more volatility and pain ahead for the world’s largest cryptocurrency. The expert also noted that BTC has entered the final phase of this bearish stage, a period where the market is expected to reach its lowest levels alongside extreme Fear, Uncertainty, and Doubt (FUD). In his outlook, the analyst projected a timeline for when Bitcoin could complete its final capitulation move and establish a long-awaited bottom. He has also outlined a likely target range for this projected price floor. Bitcoin To Face More Declines In Final Bear Phase Pseudonymous crypto analyst No Name has broken down his price projections for Bitcoin in this bear cycle. In an X post on June 9, the expert announced that the leading cryptocurrency has officially entered the second and final stage of its bear market phase. Related Reading: Bitcoin Price Is Headed To $150,000 In These 4 Scenarios Shared By This Analyst No Name noted that a typical bear market cycle does not end or start at random, suggesting it moves in a well-structured, methodical manner. The analyst explained, using a detailed chart, that a normal bull market goes through six stages, while a bear market experiences only two—marked by a major price crash and complete disinterest. During the first bearish phase of this cycle, Bitcoin’s price declined sharply, shattering the optimistic narrative surrounding the cryptocurrency. This downturn followed a record-breaking rally in October 2025, when Bitcoin surged past $126,000, setting a new all-time high. Since then, the cryptocurrency has continued to trend downward, recently dipping below $60,000 at one point this month. Notably, the second bear phase, in which the market currently resides, is historically characterized by slow, sideways price movement and extremely low investor sentiment. This comes as enthusiasm and interest in Bitcoin plummets, prompting many participants to exit the market. During this phase, trading volumes typically drop, price volatility narrows, and fear dominates investor behavior, often leading to extended periods of stagnation. In his analysis, NoName noted that both bear market phases typically last about 350 days each. With the first phase already completed in this cycle, the math suggests that Bitcoin’s ongoing bear trend could end in October 2026. Confirming this, the analyst expects BTC’s price to hit its final cycle bottom within a key target range around that timeline. Based on his chart, this price floor currently sits between $47,000 and $51,000, aligning with the MA 350. Analyst Forecasts BTC Crash Next Week And ATH Next Year For a shorter-term outlook, crypto analyst Kabuki projects that Bitcoin could crash to $54,000 as soon as next week. He expects the cryptocurrency to also extend this decline, likely hitting a final price bottom around $47,000 by July 2026. Related Reading: What The Bitcoin Price Is Doing Now After Bouncing From $59,000 He backed his bearish outlook by noting that Bitcoin is currently at a historical level where every bull trap ends. Once the bear market capitulation concludes by July, Kabuki predicts that a fresh bull trend could emerge, potentially paving the way for BTC to rally to new all-time highs around $151,000 by January 2027. Featured image from Getty Images, chart from Tradingview.com
Crypto analyst Crypto Rover has pointed to a trendline that Bitcoin has never broken below in every market cycle. The leading crypto has now touched this trendline, providing optimism that it could bounce from that level as it did in previous bear cycles. Bitcoin Touches Trendline That Has Led To Parabolic Rallies In an X post, Crypto Rover revealed that Bitcoin has again touched the trendline it has never broken below in 9 years. Instead, BTC has seen parabolic rallies whenever it touches this trendline. In 2017, it rallied 1,300% after touching this trendline; in 2018, it rallied 1,900% after touching it; and in 2020, it rallied another 1,900% after touching it. Bitcoin saw another parabolic rally of 700% after touching this trendline in 2022. Related Reading: The Verdict Is In For Bitcoin: Majority Of Investors Say BTC Price Is Headed Lower, Here Are The Numbers Now, Bitcoin has once again touched this trendline, offering optimism that it could bounce from this region as it did in past cycles. However, in another X post, Crypto Rover suggested that BTC has not yet found a bottom and could still drop below $60,000 before it bottoms. This came as the analyst alluded to BTC’s realized price. He noted that the short-term holders’ (STH) realized price at $74,000 has been reached, but that the realized price of $53,600 and the long-term holders’ (LTH) realized price of $50,000 have not been reached. Crypto Rover added that every prior cycle bottom has traded below the realized price and that every major flush has kissed the LTH line. As such, BTC is still likely to see another move down before it bottoms. Bitcoin is also at risk of another decline with the U.S.-Iran war escalating again. The U.S. carried out strikes against military targets in Iran, which led to retaliatory attacks against U.S. military bases in the Gulf region. A Drop Below $50,000 Is Also A Possibility Crypto analyst Ali Martinez has indicated that Bitcoin could still drop below $50,000. This came as he pointed to the Investor Price, which he noted is currently $48,300. He said that this level is a key area he is watching for long-term accumulation. The analyst had described this metric as one of the most important BTC on-chain metrics. Related Reading: This Bitcoin Chart Shows What To Expect For The Next 3 Months After Major Decision Point Martinez explained that this metric measures the average acquisition price of all economically circulating Bitcoin, filtering out permanently lost coins to provide a more realistic market-wide cost basis. However, it is worth noting that the analyst had earlier said that there were signs that BTC was about to reach a market bottom. He pointed to the 1.0-0.8 MVRV bands, which align at $53,900 and $43,150. At the time of writing, the Bitcoin price is trading at around $62,600, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Bitcoin’s investor sentiment is in ruins, but buried inside the wreckage, a technical signal that has appeared only at the most consequential turning points in Bitcoin’s history has just fired again. This technical argument, which is built around Bitcoin’s Relative Strength Index, is because the indicator has fallen to its lowest daily reading in four years, a level last seen near the 2022 bottom before BTC began its climb from $15,500 to $70,000. Bitcoin’s RSI Is Back In A Rare Bottom Zone The Relative Strength Index is among the most used momentum indicators, measuring the speed and magnitude of price movements on a scale from 0 to 100. Readings below 30 indicate oversold conditions. At its lowest point during the recent selloff over the weekend, the daily RSI fell to as low as 21.8, and the reading is still around the mid-20s at the time of writing. Related Reading: Crypto Analyst Gives Timeframe For When The Bitcoin Price Will Hit $200,000 That places this reading among the lowest on record for the daily timeframe, and that is why a crypto analyst that goes by the name Crypto Tice on the social media platform believes the Bitcoin price action may be looking at something much bigger than a normal oversold bounce. As shown in the chart below, the red and orange zones line up with some of Bitcoin’s most painful periods, including the 2011 bottom, the 2015 bear-market low, the 2018-2019 correction, the 2022 collapse, and now the 2026 slow correction. In each case, the bottom appeared when the Bitcoin price had already endured a major decline, and that is the same setup happening right now. Bitcoin Price Chart. Source: @CryptoTice_ On X Why A 200% Target Is Possible For Bitcoin Bitcoin fell below $60,000 for the first time since 2024 and is currently down by about 50% from its October 2025 peak above $126,000. The leading cryptocurrency is now trading between $61,000 and $63,000. Interestingly, the main comparison of where Bitcoin goes from here is the 2022 bottom. Back then, Bitcoin’s RSI reached deeply oversold levels as the price collapsed to around $15,500, but the low eventually became the base for a rally to $70,000 in 2024. That move represented a gain of more than 350% from the cycle bottom, and it eventually rolled on to its all-time high in October 2025. Related Reading: Dogecoin Is One Step Away From The Same Pattern That Triggered 2021’s 29,000% Rally, What Next? If Bitcoin were to form a similar bottom around the current $60,000 zone, a 200% rally would place the price at a target of $180,000. A move matching the full 2022-to-2024 recovery would imply even higher levels above $200,000. The present market also has a different background from 2022. Bitcoin now has spot ETFs, deeper institutional involvement, and large corporate holders that are influencing sentiment. Speaking of ETFs, Spot Bitcoin ETFs have resumed their streak of outflows, which complicates any bottom prediction right now. The technical signal from the RSI is strong, but the Bitcoin price needs demand to turn the signal into a sustained rally. Featured image created with Dall.E, chart from Tradingview.com
Bitcoin price started a fresh decline below the $62,500 zone. BTC is showing bearish signs and might continue to move down if it dips below $61,200. Bitcoin failed to stay above $63,200 and extended losses. The price is trading below $62,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance near $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $62,500 and $63,500 levels. Bitcoin Price Dips Toward Support Bitcoin price failed to stay above the $63,500 support zone. BTC remained in a bearish zone and extended losses below the $63,200 level. There was a move below the $62,500 level. The price even dipped below $61,200. A low was formed at $60,746 and the price is still showing many bearish signs. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $64,613 swing high to the $60,746 low. Bitcoin is now trading below $62,500 and the 100 hourly simple moving average. There is also a bearish trend line forming with resistance near $62,400 on the hourly chart of the BTC/USD pair. If the price remains stable above $60,750, it could attempt a fresh increase. Immediate resistance is near the $62,500 level and the trend line. The first key resistance is near the $63,200 level or the 61.8% Fib retracement level of the downward move from the $64,613 swing high to the $60,746 low. A close above the $63,200 resistance might send the price further higher. In the stated case, the price could rise and test the $63,500 resistance. Any more gains might send the price toward the $64,500 level. The next barrier for the bulls could be $65,000. More Losses In BTC? If Bitcoin fails to rise above the $63,200 resistance zone, it could start another decline. Immediate support is near the $61,650 level. The first major support is near the $61,200 level. The next support is now near the $60,750 zone. Any more losses might send the price toward the $60,200 support in the near term. The main support now sits at $60,000, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $61,650, followed by $61,200. Major Resistance Levels – $62,500 and $63,500.
Bitcoin fell to its lowest weekly close since the second half of 2024 last week, capping a stretch that has now stripped more than 8% of its value in seven days and pulled the broader crypto market to levels not seen since early in the year. Related Reading: Security Milestone: XRP Lending Protocol Completes Military-Grade Assessment A Pattern Worth Watching The weekly relative strength index is holding higher lows even as price prints lower ones — a divergence that last appeared in the lead-up to Bitcoin’s recovery from the 2022 bear market bottom. Whether that parallel plays out the same way remains to be seen, but it is the detail technical traders are watching most closely right now. On Monday, with Bitcoin trading below $62,000, Binance founder Changpeng Zhao, a.k.a. CZ, posted two lines on X. Bitcoin won’t be dead for too long, he wrote, signing off with a reference to the Douglas Adams line — don’t panic, in large friendly letters. The message was short, deliberate, and timed to land when sentiment was at its weakest. Bitcoin won’t be “dead” for too long. Don’t panic, in large friendly letters. — CZ ???? BNB (@cz_binance) June 9, 2026 Support Holds, For Now Bitcoin has so far bounced from the $60,000 level each time it has been tested in recent days. The next band of resistance sits between $65,000 and $66,200, with a heavier ceiling between $67,000 and $77,000 above that. According to analysts, a break below $60,000, while not seen as the most likely outcome in the near term given the oversold signals still unwinding, would open the door to the $53,000–$55,000 range. The rest of the market has fared worse. Ethereum is down nearly 14% over the past seven days, last trading around $1,640. XRP has shed 6% to sit at $1.13. Solana has given up 14% to trade near $64. Related Reading: XRP Being Suppressed? Researcher Reveals Why The Token Isn’t Soaring CZ’s Moment To Speak Zhao has one of the largest followings in the industry, and his Monday post arrived at a moment when retail sentiment across crypto forums and social platforms was running heavily negative. The market cap of the entire crypto sector has dropped to levels last seen in early 2026. The $60,000 support level remains the line most traders are watching in the days ahead. It has held so far, but each test of it draws more attention to what comes next if it doesn’t. Featured image from Unsplash, chart from TradingView
Bitcoin is testing a key demand zone after breaking down from a symmetrical triangle, putting the market at a critical turning point. While buyers may attempt to defend this support and trigger a rebound, a failure to hold could open the door to further downside in the near term. Bearish Triangle Breakdown Sends Bitcoin Toward Key Liquidity Zone Minga highlighted that the market has experienced a bearish breakout from a symmetrical triangle pattern, and the price is trending toward the 50% wick fill region of the previous weekly candle, an area containing significant untested liquidity and a long limit order that was previously front-ran. While he expects this long position to be filled, the risk on this trade is minimal at 0.25%, effectively serving as a risk-free hedge against his existing short position. Related Reading: Bitcoin Trader Says Something Extremely Bad Is Coming Today, Here’s What Minga maintains a bullish bias for the remainder of the month, but he emphasizes that this outlook requires technical confirmation, specifically a bounce from the $60,700 level. Losing this key support likely invites further downside, bringing the $58,900 level into focus. Given that the daily trend is showing clear signs of exhaustion, Minga views the $60,700–$58,900 range as a high-probability zone for a potential recovery. However, the analyst cautions that exhaustion does not inherently guarantee a reversal. Market conditions can often result in a slow, grinding decline as the asset hunts for liquidity on both sides, leading to highly choppy price action. This behavior is historically common near major market turning points. Given that the market is potentially nearing a macro bottom, the possibility of a prolonged, choppy descent cannot be ignored. Should this scenario materialize and the current support zones fail to hold, Minga identifies the $54,500–$49,000 region as the next critical downside target. $60,800 Remains BTC’s Most Important Battleground According to analyst @wangtuai888, whose track record includes eight consecutive accurate trend predictions, the market is currently hovering at a decisive juncture. As long as the $60,800 support holds, the asset remains within an uptrend. However, should the price break and close a 1-hour solid candle below $60,800, which marks a critical Point of Control (POC) and a vacuum zone, the analyst anticipates a sharp, immediate decline. Related Reading: Bitcoin Testing A Critical Support After Sharp Market-Wide Selloff If the $60,800 support holds, @wangtuai888 expects an initial rebound toward $62,400 to break the previous minor high and shift the local market structure. This would be followed by a pullback to the $61,800 POC, which the analyst identifies as a favorable entry point for long positions. The strategy then pivots toward a tactical shorting opportunity. The analyst intends to initiate a short position near the 63,000 level, noting that even if a stop-loss is triggered, the high reward-to-risk ratio makes this a worthwhile trade. Ultimately, the analyst emphasizes that this expected rebound should not be mistaken for a full market reversal. The broader direction remains firmly in a downtrend, and the ultimate price target for this bearish cycle is $55,500. Featured image from Pngtree, chart from Tradingview.com
The Bitcoin price could be on track to reach $200,000 within the next one to two years, according to crypto analyst @CryptoTice_. Backed by a long-term cycle chart, the analyst argues that Bitcoin is once again moving through a familiar historical pattern, placing the current phase in what he describes as a key accumulation zone ahead of a potential major rally. Bitcoin Price Path Points To 2027 Target The chart maps Bitcoin’s previous market cycles and outlines a potential path toward $200,000. Based on this projection, the target could be reached within 12 to 24 months from June 2026, placing it between mid-2027 and mid-2028, with 2027 appearing as the more probable timeframe. Related Reading: Analyst Charts Ethereum Long-Term Roadmap To $16,000 – There’s No Need To Panic To support this view, the analyst compares Bitcoin’s current setup with the cycle lows recorded in 2019 and 2022, both marked as “buy zones” that were followed by major rallies. The 2019 bottom preceded a climb to roughly $69,000, while the 2022 low eventually led to a surge toward $126,000. The analyst believes the latest correction fits the same pattern. After falling from around $126,000, Bitcoin rebounded near the $60,000 region, creating what he identifies as another accumulation zone. From there, the projection points to a recovery that ultimately pushes the Bitcoin price toward $200,000. The consistency of this structure forms the foundation of the forecast. In each cycle, Bitcoin experiences a sharp correction, spends time consolidating, and then enters a strong expansion phase. Although the percentage gains have become smaller with each cycle, the broader upward trend remains intact. Why The Crypto Analyst Sees A Rare Opportunity That historical pattern is also why @CryptoTice_ argues that the current market environment may offer a significant opportunity. According to the analyst, previous cycle bottoms were formed during periods of widespread uncertainty, before sentiment eventually shifted and prices moved higher. The chart reflects this view by projecting a gain of roughly 230% from the 2026 buy zone to the $200,000 target. While substantial, that increase is far below the explosive returns seen in Bitcoin’s earlier years, reflecting how the asset’s growth has gradually moderated as the market has matured and attracted greater institutional participation. Related Reading: Not $60,000: Analyst Reveals The Best Time To Actually Start Buying Bitcoin The forecast comes at a time when investors remain divided over Bitcoin’s next move. Some continue to focus on macroeconomic conditions, interest-rate expectations, and regulatory developments, while others see the recent pullback as another cycle correction that could eventually lead to new highs. For the crypto analyst, the most important factor is timing. His model suggests that the current phase may represent the final stage of accumulation before the next major advance begins. If Bitcoin continues to follow the structure shown in the chart, the path to $200,000 could unfold over the next 12 to 24 months, making 2027 a year worth watching closely. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Crypto Lens has predicted that the Bitcoin price could rally to a new all-time high (ATH) of $150,000. This came as he outlined four scenarios that will build toward this rally to a new ATH by next year. Bitcoin Price To Still Rally To $150,000 Amid These Four Scenarios In an X post, Crypto Lens predicted that the Bitcoin price would rally to $150,000 by February next year. This came as he noted that BTC is now hovering at the exact level where every bull trap ends. The analyst stated that next week, another bearish rejection will send BTC back to $43,000. The rally to $150,000 and drop to $43,000 is notably among the scenarios he outlined for BTC. Related Reading: This Bitcoin Chart Shows What To Expect For The Next 3 Months After Major Decision Point In the first scenario, Crypto Lens predicted the Bitcoin price would drop to $48,000 within a few days. This will be followed by a drop to $43,000 in July, which is the second scenario. In the third scenario, the analyst predicts that BTC will fall to $32,000 by September. He described this level as the buy zone, signaling that the leading crypto is likely to bottom around here in this bear cycle. Meanwhile, under the fourth scenario, Crypto Lens predicts that the Bitcoin price will rally to $150,000 by February as a new bull run begins. In another X post, the analyst said that the bear market is 53% done and that BTC has entered the final stage of the 2026 bear market. He also signaled that the cycle bottom will likely happen between August and September, with BTC falling to as low as $32,000. BTC Bottom Likely To Form In The Fourth Quarter In an X post, crypto analyst Colin said that a Q4 bottom for the Bitcoin price is even more likely now that BTC did not have a strong dip immediately. The analyst was referring to market expert Benjamin Cowen’s assessment, in which he noted that BTC closed the week above the 200W SMA after sweeping the February low of $60,000. Related Reading: Bitcoin Crash Says Liquidity Is Dying As May Job Report Comes Back With Staggering Numbers Colin stated that, based on this Bitcoin price action, BTC is likely to bounce for 1 to 3 months and then drop to a new low in the fourth quarter. As such, Q4 has high odds of being the cycle bottom, with a lower low. However, he added that if the Bitcoin price suddenly breaks below the 200-week MA in the coming week or two, then it is likely to form the bottom on this move down. At the time of writing, the Bitcoin price is trading at around $61,200, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Bitcoin closed the week of June 5 with a nearly 20% decline — its sharpest single-week drop since the FTX collapse in November 2022 — but on-chain analyst Ali Martinez is pushing back against the prevailing fear, arguing in a technical post on X that the market is approaching a major macro accumulation cycle rather than the beginning of a deeper structural breakdown. Related Reading: The Bitcoin Rally Has A Problem: Demand Is Drying Up Martinez’s case rests on a convergence of on-chain metrics that have historically accompanied market bottoms rather than preceded further selling. Bitcoin’s decline to $59,000 — its lowest level since 2024 — flushed out what he describes as “overleveraged premiums” across the board, per his X post. That kind of forced deleveraging, he argues, is typically what creates the conditions for a genuine bottom rather than a temporary bounce. BTC's price trends to the downside on the daily chart. Source: BTCUSD on Tradingview The Bitcoin Metrics Behind The Call Two data points sit at the center of Martinez’s analysis. The first is long-term holder behavior. During the recent downswing, long-term investors distributed more than $3.25 billion in spot Bitcoin, temporarily pushing exchange reserves higher and increasing potential short-term selling pressure. That distribution, Martinez notes, is consistent with what has historically marked the final phase of supply absorption before accumulation begins. The second is supply held at a loss. Bitcoin’s drop to $59,000 pushed more than 10.46 million BTC into an underwater position. According to Martinez’s post, every previous instance where the supply-in-loss metric crossed the 10 million threshold has accurately timed macro bottoms in prior cycles — a signal he considers one of the most reliable indicators available. Bitcoin $BTC market bottom is closer than you think. Here’s where I’m planning to buy. https://t.co/DrI4OJXnL7 pic.twitter.com/j3YQNzw02G — Ali Charts (@alicharts) June 10, 2026 Where The Bottom Could Land Rather than calling a specific price floor, Martinez identified two accumulation zones based on MVRV band analysis — the ratio of Bitcoin’s market value to its realized value. The most reliable accumulation windows historically appear when MVRV settles between the 1.0 and 0.8 bands, which currently correspond to approximately $53,900 and $43,150, per his analysis. He is also tracking three key moving averages as structural reference points: the 200-week simple moving average at $62,800, the 300-week at $55,000, and the 400-week at $42,500. Fellow analyst Benjamin Cowen separately echoed the assessment, telling his audience that investor psychology is approaching the territory historically associated with major cycle bottoms — a phase he estimates could extend through Q3 and potentially into October. Related Reading: XRP Being Suppressed? Researcher Reveals Why The Token Isn’t Soaring As of this writing, Bitcoin trades at around $63,000, recovering from the $59,000 lows as the market processes whether the worst week since FTX marked a capitulation bottom or simply the latest step in a longer correction. Cover image from Grok, BTCUD chart from Tradingview
Bitcoin may need to climb back above $65,000 before any meaningful recovery can take hold — but getting there looks harder by the day. Market analyst Michaël van de Poppe said a break past that level could open the door to a rally toward the $72,000 to $74,000 range, yet the broader demand picture suggests that kind of move is far from guaranteed. Related Reading: A 400 Billion Shiba Inu Surprise: Whale Wallet Springs Back To Life #Bitcoin is stalling beneath $65K as breaking that level would trigger a strong run to $72-74K. The $65K support level was the previous level of support after the crash early in February and is now acting as the resistance to break through. If it happens for Bitcoin’s price to… pic.twitter.com/GOaN7KuT0O — Michaël van de Poppe (@CryptoMichNL) June 9, 2026 Why The Numbers Look Ugly Right Now The 30-day combined growth of spot and perpetual futures demand has fallen to around -650,000 BTC, a reading that has appeared only three times since 2019. CryptoQuant analyst Moreno flagged the figure as a sign that the market has entered one of its weakest demand phases in years, with both regular buying and derivatives exposure falling at the same time. That means fewer buyers are available to absorb any fresh selling pressure. Bitcoin has dropped roughly 3.40% this week alone, following a 14% decline the week before. The monthly loss now stands at 16%, with prices hovering near $61,000. Bitcoin Demand Hits a Level Seen Only 3 Times Since 2019 “The current setup therefore looks less like a confirmed reversal and more like the beginning of a final cleansing phase.” – By @MorenoDV_ pic.twitter.com/Qk0lrzTDky — CryptoQuant.com (@cryptoquant_com) June 9, 2026 What History Actually Shows The -650,000 BTC demand level has not historically marked a bottom. Based on Moreno’s analysis, it has tended to mark the beginning of a difficult stretch rather than the end of one. The first instance came in December 2019, when Bitcoin was trading near $6,500 and demand conditions were already deteriorating ahead of the COVID-19 market crash. The demand indicator hit extreme contraction before prices collapsed further in March 2020, eventually bottoming near $3,800. A second instance appeared in January 2022, when Bitcoin had already fallen from its then-record high of $69,000 to around $32,951. Demand recovered in the following weeks, and prices rebounded into March — but the recovery did not last. Bitcoin resumed its decline and did not hit its bear-market floor of roughly $15,500 until November 2022, nearly 10 months later. Related Reading: A 400 Billion Shiba Inu Surprise: Whale Wallet Springs Back To Life The Difficult Phase Ahead Moreno believes the current setup looks more like the start of a final cleansing phase than a confirmed turning point. He expects a period of heightened volatility before the market settles into a prolonged stretch of sideways trading with low participation. That kind of stagnation, he argues, may prove harder on investors than the price drop itself. Van de Poppe, for his part, called the recent selloff largely irrational, though he acknowledged Bitcoin remains pinned below the $65,000 level that once served as support and has since become resistance. Featured image from Pexels, chart from TradingView
Bitcoin has been forming a pattern for years now, and even with the uncertain price movements, this pattern has now finally be completed. This was explained by crypto analyst Bitcoin Teddy on the X social media platform, showing this pattern, how it was formed, and what the implications are for this formation on the Bitcoin price. The Mid-Year Cup And Handle Pattern That Was Years In The Making In the post, the crypto analyst pointed out that the Bitcoin price has completed a Cup and Handle pattern formation. Unlike some Cup And Handle patterns that are formed in a relatively short time, the analyst says this one has actually been forming for years, and now it’s finally ready to play out. Related Reading: Dogecoin Could Rally 300x And Cross $20, Analyst Claims This pattern was completed with the most recent Bitcoin retest of the $60,000 support. This support was broken briefly, but the price quickly recovered. What this suggests is the formation of the handle part of the pattern after the cup was completed over the years. To put this in perspective, the crypto analyst explained that three things needed to happen. These include the breakout, the retest, and a structure confirmation. The breakout was completed when the price recovered. Then, when the price crashed below $60,000, the retest was done. Now, the confirmation is in place as the Bitcoin price has begun to move upward again. What comes next is even more important since the completion of a Cup and Handle pattern has historically been a precursor to a bull trend. Related Reading: XRP Pundit Says Pay Attention To This Pattern That Everyone Is Missing As the analyst explains, the resulting price surge will not be something like a 20% breakout or so. Historically, a breakout from this pattern would see the price rise multiples of where it was when the pattern was finally confirmed. In this case, the resulting breakout is expected to send the Bitcoin price to new all-time highs. The minimum target placed with the analysis puts the top of this trend at $220,000, which would mean an almost 300% move from where the Bitcoin price is currently trading. What this means is that $220,000 could only be the start of this move if the momentum builds much higher than expected. Featured image from Dall.E, chart from TradingView.com
Bitcoin is already being eyed for a move toward $65,000 if a US-Iran deal is sealed, with US President Donald Trump saying such an agreement could be signed within two or three days. Related Reading: A 400 Billion Shiba Inu Surprise: Whale Wallet Springs Back To Life The top crypto asset had also clawed back from recent lows near $59,500 and was trading around $62,350 as traders weighed the odds of a shift in Middle East tensions. Trump Sets A Tight Timeline Trump said on Monday that talks were in their final stretch and that he did not see major obstacles left. He described the deal as a strong one and tied the talks to wider efforts to calm the fighting in the region. The comments came after reports that Trump warned Israeli Prime Minister Benjamin Netanyahu that continuing military action could leave Israel with less US backing. He later wrote on Truth Social that Iran and Israel were both looking for an immediate ceasefire while peace talks kept moving. Deal Hopes Meet Old Doubts The latest timeline has not quieted skepticism. Trump has raised hopes of a near-term deal before, and the new comments landed after weeks of similar claims that never turned into a signed agreement. Some of the hardest issues are still unresolved, including sanctions, nuclear limits, and long-term security guarantees. Reuters has also reported that earlier talks left the sides split over frozen funds and the future of shipping through the Strait of Hormuz. ???? TRUMP: IRAN DEAL COULD BE DAYS AWAY PRESIDENT TRUMP SAYS THERE IS A “VERY GOOD CHANCE” OF REACHING A DEAL WITH IRAN IN THE NEXT TWO OR THREE DAYS “WE’RE VERY CLOSE.” WHAT HAPPENS TO OIL IF A DEAL GETS DONE? pic.twitter.com/YpXuhpDCNm — Money Ape (@TheMoneyApe) June 9, 2026 That is why traders are treating the latest remarks as one more step, not a finish line. Reports suggest that a successful deal could open the door first to the $65,000 area and, with stronger buying, to $70,000 and beyond. Oil Markets Still In The Frame Oil is part of the same trade. Reuters reported that crude fell on Tuesday after Iran and Israel said they had halted attacks, with Brent at $92.60 a barrel and US West Texas Intermediate at $89.10. The Strait of Hormuz remains the key pressure point, since it handles a large share of global oil and gas flows, and any easing of tension there could cool prices further. There were also reports that the market has swung on and off this storyline before, with each new round of hope meeting fresh warnings soon after. Related Reading: Security Milestone: XRP Lending Protocol Completes Military-Grade Assessment For Bitcoin, that leaves a narrow path. A deal that cools oil and broadens risk appetite could help crypto, but the market is still waiting for an actual signature, not just another promise that talks are close. Featured image from Unsplash, chart from TradingView
Bitcoin price started a downside correction from the $64,600 zone. BTC is showing bearish signs and might continue lower below $61,200. Bitcoin failed to stay above $64,000 and extended losses. The price is trading below $62,800 and the 100 hourly simple moving average. There was a break below a bullish trend line with support at $62,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $62,500 and $62,200 levels. Bitcoin Price Dips Again Bitcoin price failed to clear the $64,500 resistance zone. BTC started a downside correction and declined below the key support at $63,500 to enter a bearish zone. There was a move below the 50% Fib retracement level of the upward move from the $59,070 swing low to the $64,613 high. Besides, there was a break below a bullish trend line with support at $62,500 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $62,500 and the 100 hourly simple moving average. If the price remains stable above $61,500, it could attempt a fresh increase. Immediate resistance is near the $62,000 level. The first key resistance is near the $62,200 level. A close above the $62,200 resistance might send the price further higher. In the stated case, the price could rise and test the $64,000 resistance. The next resistance could be near the $64,500 level. Any more gains might send the price toward the $66,000 level. The main hurdle for the bulls could be $66,500. Downside Extension In BTC? If Bitcoin fails to rise above the $62,500 resistance zone, it could start another decline. Immediate support is near the $61,200 level or the 61.8% Fib retracement level of the upward move from the $59,070 swing low to the $64,613 high. The first major support is near the $60,950 level. The next support is now near the $60,200 zone. Any more losses might send the price toward the $59,000 support in the near term. The main support now sits at $58,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $61,200, followed by $60,200. Major Resistance Levels – $62,500 and $64,000.
Technical analysis of Bitcoin’s price action on the daily candlestick timeframe places the cryptocurrency around the same resistance region where previous relief rallies have failed, turning the current price area into a major decision point for the next phase of the market. At the time of writing, Bitcoin is trading around $62,950, and bulls are trying to stabilize above $60,000 after a recent few days of heavy selling pressure. On-chain analyst VoidOnChain has laid out a precise roadmap that maps the path from current price action, but the roadmap does not promise an immediate recovery. Bitcoin Returns To The Zone Where Relief Rallies Keep Failing The Bitcoin daily chart reveals a pattern of diminishing relief rallies, each one failing at a lower high. Looking at the earlier structure on the chart below, BTC moved through an ascending channel, pushed into a sell zone in late 2025, and then broke down. Related Reading: Has The Bitcoin Price Crash Ended Or Is This Just The Beginning? Analyst Answers The current setup shows a similar sequence, with Bitcoin already rejected from the bull trap level around $82,000 in May 2026 before sliding into the lower range. Since then, Bitcoin has been trending downwards and has broken the lower trendline of the channel. Daily candlesticks since the breakdown have been fully bearish engulfing, and this has caused the Bitcoin price to approach a buy zone below $50,000 that acted as a buy zone in 2023. Interestingly, the roadmap laid out in the chart, as shown below, begins with Bitcoin breaking below $60,000 before a move to the buy zone around $53,000 and then $47,000. What To Expect For The Next Three Months The analyst’s near-term outlook carries a specific sequence: $60,000 as an immediate target, $53,000 as the next key level expected as early as next week, and a deeper flush to $47,000 by July that establishes the ultimate low. This move corresponds to a C wave on the chart, the same as the C wave that played out from January to early February 2026. Related Reading: Here’s Why The Bitcoin Price Is Crashing And What To Expect Next Once the corrective structure completes, VoidOnChain’s roadmap projects a recovery to $87,000 initially, followed by an extension to $151,000 by January 2027. The Bitcoin market is currently split between fear and buying by some savvy traders. Bears controlled the market over the weekend, but selling pressure has started to ease during the week. Strategy also added to the accumulation narrative after announcing a $101.3 million Bitcoin purchase between June 1 and June 7, acquiring 1,550 BTC at an average price of $65,333. The purchase helped calm some concerns that followed Strategy’s earlier Bitcoin sale, which had weighed on market sentiment. Still, many crypto analysts believe Bitcoin has yet to deliver a clear bullish confirmation, and Bitcoin might undergo another crash to an accumulation zone. Featured image from Pixabay, chart from Tradingview.com
Bitcoin’s latest upward move has sparked debate among market participants, and some believe the rally may have little to do with the purchase announcement that received the most attention. While the acquisition is generally viewed as constructive for the broader market, it is not necessarily the type of development that would justify a significant upward move in Bitcoin price. Why The Latest Purchase May Not Be Driving Bitcoin Rally The Bitcoin’s recent move higher is being misinterpreted as a direct reaction to purchase news, when in reality the drivers appear to be more technical in nature. Crypto analyst Aylo has explained on X that the BTC bounce is likely the result of an oversold market finding relief after sweeping key February lows. Related Reading: Bitcoin Supply In Loss Crosses Critical Threshold — Bullish Reversal Next? Another factor supporting the move higher is the easing of concerns surrounding Strategy and its Bitcoin holdings. The company’s recent sale of a relatively small 32 BTC sparked fears that it could become a larger seller in the future. Aylo suggests that while the current low may hold in the near term, it remains plausible that BTC could form a slightly lower low in June before a rally, particularly if the broader equity markets experience further weakness. Any deeper stock market shakeout could temporarily drag the price lower before a more sustained recovery begins. This level will be temporary before Bitcoin sees a low later in the year. Furthermore, the fear that Michael Saylor and Strategy may be forced to liquidate a significant portion of their BTC holdings is likely overstated. The company may need to sell limited amounts to meet specific obligations, but the narrative that a major liquidation event from their supply will be driven more by bearish sentiment. What The Recent Breakdown Could Mean For The Market Bitcoin’s recent price action appears to be following a market structure that has played out before during previous corrective phases. A crypto trader known as Max Trades pointed out that roughly a month ago, BTC was entering a distribution phase of this pattern, and the outlook has since played out with notable accuracy. Related Reading: Bitcoin’s Market Structure Reflects The Influence Of Major Investors In this bear market, BTC first formed an accumulation range, where price consolidated before breaking higher and sweeping out the liquidity above the previous highs. However, instead of continuing its upward trajectory, the asset price has transitioned into distribution. Since then, BTC has experienced a significant decline, falling more than 20% from its previous highs. According to Max Trades, what makes the current setup particularly noteworthy is the comparison to a previous distribution phase that ultimately resulted in substantially deeper downside after the initial breakdown. If the current structure continues to mirror that historical pattern, it could imply that the recent decline is not yet complete. Featured image from Pixabay, chart from Tradingview.com
Crypto analyst Ardi has drawn attention to an interesting dynamic amid the Bitcoin price bounce from a recent low of around $59,000. Based on his analysis, the BTC bottom has likely not formed, with the leading crypto set to fall to new lows. Analyst Explains What Is Going on Amid Bitcoin Price Bounce In an X post, Ardi said that one of the more interesting developments during this distribution range has been the disconnect between retail and larger market participants. He noted that retail has spent months buying every dip as the Bitcoin price declines, thinking that those declines were likely the bottom being handed on a “silver platter.” Related Reading: Bitcoin Trader Says Something Extremely Bad Is Coming Today, Here’s What While retail investors have been buying the dip, mid-sized and institutional participants have spent the same period selling into every bounce. Ardi noted that people with the least capital are absorbing supply from those with the most. He declared that this is not usually how major bottoms are built in bear cycles, suggesting that the bottom is not yet in. Ardi further remarked that institutional-sized traders do not need retail participation to form a bottom for the Bitcoin price. He added that major bottoms are, in fact, formed after retail finally gives up. However, that is not the case at the moment as retail conviction remains high while larger investors are reducing their exposure. The analyst said that it is hard to argue that true capitulation has occurred until the dynamics change. The Bitcoin ETFs have largely contributed to the latest Bitcoin price crash, with these funds seeing record net outflows over the last month. These ETFs have also seen outflows in 15 out of the last 16 trading days, a development that has significantly put downward pressure on the BTC price. BTC About To Reach A Market Bottom In an X post, crypto analyst Ali Martinez said that the Bitcoin price is about to reach a market bottom. He cited technical and on-chain metrics that signal that a major macro accumulation cycle is starting. The analyst noted that the recent pullback has successfully flushed out overleveraged premiums across the board and that this move was accelerated by long-term holders who distributed over $3.25 billion in spot BTC. Related Reading: Bitcoin’s Crash Has Broken Below A 4-Month Support, But There’s Still One More Play Left With the Bitcoin price declining to $59,000, Martinez revealed that over 10.46 million BTC is currently held at a loss. He noted that historically, every time the supply-in-loss metric crosses the extreme 10 million threshold, it has accurately timed macro bottoms. The analyst also pointed to the 1.0 to 0.8 MVRV bands, which suggest that BTC could bottom between $53,900 and $43,150. At the time of writing, the Bitcoin price is trading at around $63,200, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Bitcoin’s crash over the weekend has brought the $60,000 level back into the market conversation, but crypto analyst Merlijn The Trader believes the real opportunity may come at a lower price. Technical analysis comparing the current Bitcoin structure with the 2022 Wyckoff accumulation phase shows that buying the current bounce would be a costly mistake because the real accumulation window has not even opened yet. Bitcoin’s Wyckoff Setup Points Below $60,000 To understand where Merlijn The Trader believes Bitcoin is headed, it helps to understand where it has been. Merlijn’s analysis is built around the Wyckoff accumulation model, using Bitcoin’s 2022 bottoming structure as the reference point. Back in that cycle, Bitcoin formed a spring around $15,500, recovered into the $23,000 region, where eager buyers rushed in, believing the worst was over. However, it was not. The price action then delivered a secondary wave of selling that crushed late buyers before the genuine markup phase began. Related Reading: Analyst Charts Ethereum Long-Term Roadmap To $16,000 – There’s No Need To Panic The analyst believes the 2026 structure is developing in a similar way. His chart shows Bitcoin currently trading around the same stage where the market previously moved through a sign of strength, lost momentum, and later dropped into the spring phase. The important message is that any bounce from the current region may not be the point where traders should become aggressive on their buying. Another important message from the analysis is that the $60,000 level may be misleading. Bitcoin fell below that level during the recent selloff, and it is important as a support because it is close to the 200-week moving average. Bitcoin Price Chart. Source: @MerlijnTrader On X The DCA Zone That Could Matter Most The Wyckoff setup by Merlijn identifies five phases: Phase A stops the downtrend via a selling climax, Phase B builds the cause as institutions accumulate within the range, Phase C delivers the spring, which is a final shakeout below support, Phase D marks up within the range with a last point of support and a sign of strength, and Phase E is the breakout and uptrend. Related Reading: Bad News For Bitcoin: Historical Lows Show The Bottom Actually Lies Below $30,000 Merlijn’s chart places Bitcoin inside this structure in 2026, with the Spring phase still ahead. The analyst’s projection is that a Spring to $50,000 is incoming, followed by a bounce rally to the $65,000-$70,000 range. That bounce, he warns, will once again lure in bulls who will buy into what appears to be a recovery, the same trap that caught investors in 2023. Merlijn places Bitcoin’s dollar-cost averaging zone between $48,000 and $59,000. This range is the part of the chart where he expects the better long-term entries to appear. Therefore patience is required, and the conclusion is that the best time to begin buying Bitcoin may come when fear is strongest inside the $48,000 to $59,000 range, not when it produces its first bounce back above $70,000. At the time of writing, Bitcoin is trading at $62,891.
Bitcoin price started a recovery wave above the $62,500 zone. BTC is consolidating and might aim for more gains if it clears the $64,000 resistance zone. Bitcoin started a recovery wave and climbed above $62,000. The price is trading above $62,200 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $62,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $64,000 zone. Bitcoin Price Recovery Faces Resistance Bitcoin price remained supported above the $60,500 zone. BTC formed a base and settled above $61,500 to start a recovery wave. There was a move above the $62,200 and $62,500 levels. The price even surpassed the 23.6% Fib retracement level of the downward move from the $74,100 swing high to the $59,106 low. However, the bears seem to be active near $64,000. The price is again moving lower below the $63,200 level. Bitcoin is now trading above $62,500 and the 100 hourly simple moving average. Besides, there is a bullish trend line forming with support at $62,500 on the hourly chart of the BTC/USD pair. If the price remains stable above $62,500, it could attempt a fresh increase. Immediate resistance is near the $63,500 level. The first key resistance is near the $64,000 level. A close above the $64,000 resistance might send the price further higher. In the stated case, the price could rise and test the $65,500 resistance. Any more gains might send the price toward the $66,500 level or the 50% Fib retracement level of the downward move from the $74,100 swing high to the $59,106 low. The next barrier for the bulls could be $68,000. Downside Continuation In BTC? If Bitcoin fails to rise above the $64,000 resistance zone, it could start another decline. Immediate support is near the $62,500 level. The first major support is near the $62,200 level. The next support is now near the $61,500 zone. Any more losses might send the price toward the $61,000 support in the near term. The main support now sits at $60,000, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $62,500, followed by $62,000. Major Resistance Levels – $64,000 and $65,500.
Following Bitcoin’s rebound from last week’s dip below $59,000, the market is now weighing whether the recent price crash has finally run its course or if a deeper correction is still ahead. While the recovery has provided some relief across the crypto market, analysts warn that Bitcoin remains in a fragile position as weak demand, cautious investor sentiment, and broader market uncertainty continue to weigh on the price action. According to market experts, Bitcoin’s outlook remains largely bearish despite the short-term bounce. However, analysts also point to a potential silver lining in the current downturn that may benefit long-term investors. Bitcoin Price Set For Massive Crash This Summer Crypto market expert Aralez has issued a fresh bearish forecast for Bitcoin, suggesting that the ongoing downtrend has not yet ended. In an X post on June 6, the analyst said Bitcoin’s decline has just begun, indicating that the recent drop below $60,000 was only the early stage of the bear market. Related Reading: Analyst Who Predicted the Bitcoin Crash Says Price Could Reach $40,000, Here’s When Aralez noted that since May 2026, he has consistently predicted a decline below $60,000, believing that Bitcoin would eventually take out local lows as bearish pressure mounts. As he forecasted, the $60,000 to $63,000 BTC price range has now been decisively lost. With this key support broken, the analyst warned that the next downside move could be really aggressive. Using a detailed chart to support his outlook, Aralez outlined a bearish roadmap for Bitcoin’s price this summer. The chart shows that Bitcoin traded within an ascending channel between April and May but ultimately broke below the lower boundary, triggering a prolonged downtrend through late May and early June. Notably, Aralez projected that Bitcoin’s next move will likely be a short-term bounce toward the $71,000 support zone. After Bitcoin retests this zone, he said a major distribution phase is likely to begin. During this stage, the cryptocurrency could see an impulsive sell-off toward $46,000 to $48,000, representing a 25% to 28% drop from current levels above $62,000. Aralez noted that a decline to this lower range will lead to a slow bottom formation, officially resetting the broader market cycle. He cautioned investors not to assume that the bottom is already in, emphasizing that current market data and conditions suggest otherwise. The analyst also confirmed that Bitcoin’s bear market is still ongoing. He urged investors and traders to prepare ahead and avoid major mistakes now more than ever. Analyst Sees Accumulation Before Next Bitcoin Rally In his X post, Aralez outlined a silver lining to his bearish outlook, noting that once Bitcoin reaches a bottom, a significant accumulation phase is likely to follow. He said this stage could present a strong long-term opportunity for investors, as valuations stabilize and selling pressure gradually fades. Related Reading: Analyst Predicts When Bitcoin Price Will Reach $100,000 In 2026 Based on historical price movements, an accumulation phase after a cycle bottom often sets the foundation for the next major trend reversal. Building on this, Aralez noted that after the accumulation phase, an explosive expansion could follow. This would signal a return of strong bullish momentum, with prices potentially accelerating sharply while investors who had bought at the bottom could see major gains. Featured image from Freepik, chart from Tradingview.com
Bitcoin entered June under significant pressure, trading down approximately 11.6% on the week heading into June 8 and struggling to reclaim key momentum levels — caught between crypto-specific deleveraging and a macro environment where oil, real yields, and policy uncertainty are all moving in the wrong direction simultaneously, according to QCP Capital’s latest Market Colour update. Related Reading: Bad News For Bitcoin: Historical Lows Show The Bottom Actually Lies Below $30,000 The catalyst that accelerated the selloff came from an unexpected source. Strategy’s disclosure that it sold 32 Bitcoin in late May to fund preferred dividend payments — a sale immaterial in size but significant in symbolism — was enough to challenge the “never sell” narrative that has made the company a structural demand anchor for Bitcoin since 2020, per QCP’s analysis. “In markets, symbolism rarely pays dividends, but it can certainly move prices,” the firm noted in the June 3 report. BTC's price records small gains over the past few days, as seen on the daily chart. Source: BTCUSD on Tradingview Two Forces Hitting At Once QCP frames the current price action as a double compression — Bitcoin being squeezed from both directions simultaneously. On the crypto-specific side, the Strategy headline triggered a wave of deleveraging from holders who had priced in unconditional accumulation from the world’s largest corporate Bitcoin buyer. On the macro side, oil pushed higher as Middle East hostilities flared and US-Iran talks stalled — keeping the Hormuz risk premium that has weighed on markets since February firmly in place. Stronger-than-expected US job openings data simultaneously reduced confidence in near-term Federal Reserve rate cuts, reinforcing what QCP describes as the higher-for-longer rates backdrop. For a high-beta asset like Bitcoin, QCP notes, that is “not a particularly friendly seating arrangement.” Options Markets Signal Caution Over Capitulation The options market is confirming the defensive tone without yet flashing outright panic. Thirty-day at-the-money implied volatility repriced sharply higher to approximately 41.4 — up more than four volatility points on the day and seven on the week — as realized volatility caught up to implied levels, per QCP’s analysis. The surface continues to show persistent demand for downside protection, with the front-end term structure mildly inverted and risk reversals deeply negative. QCP’s characterization of the vol market is pointed: the message is “less ‘buy the dip’ and more ‘please insure the dip before discussing it.'” Implied volatility is no longer obviously cheap, which means the cost of hedging downside exposure has risen materially alongside the price decline — a dynamic that discourages fresh long positioning from risk-managed institutional players. The Offset That Hasn’t Been Enough The broader cross-asset picture offers a partial explanation for why Bitcoin hasn’t found stronger support. Equities have remained resilient on AI-linked earnings, supported by hyperscaler and semiconductor strength — but that strength is increasingly concentrating speculative capital in mega-cap tech and a pipeline of high-profile upcoming IPOs, per QCP. The same dynamic Arthur Hayes flagged when exiting his HYPE and NEAR positions — three mega AI IPOs absorbing institutional risk capital between now and early Q3 — appears to be playing out in real time, with equities doing heavy lifting for risk appetite broadly while Bitcoin absorbs the macro headwinds without the AI growth story to cushion them. Related Reading: Cardano Price Crash Exposes ADA’s Deeper Problem, Says Longtime Bull QCP’s overall framing is telling: Bitcoin is caught between its structural long-term adoption narrative and a near-term tape that offers little support. Not quite panic. Not quite bargain hunting. The market is waiting for something to shift — and until clearer signals emerge on Iran, the Fed, or the AI IPO pipeline, the path of least resistance remains lower. As of this writing, Bitcoin trades at around $62,562, attempting to stabilize at the lower boundary of its Power Law corridor — a level that has historically preceded rebounds but has yet to generate meaningful buying conviction in the current environment. Cover image from Grok, BTCUSD chart from Tradingview
Despite growing optimism that Bitcoin has reached a cycle low, historical cycles suggest another leg down could still be ahead. While rising institutional involvement may reduce the severity of the downturn, a chart shared by a top crypto analyst suggests the cryptocurrency could still be headed for a bottom below $30,000 before a sustained recovery begins. Bitcoin Cycle Pattern Points To Possible Deeper Low The analyst explains that Bitcoin has followed a repeating pattern across major market cycles, where strong rallies are followed by very deep price declines. In previous cycles, Bitcoin fell about 83.90% after the 2017 peak and about 77.91% after the 2021 peak. These past moves are used as a guide for understanding the current market structure. Related Reading: Analyst Calls Out Stagnant Logic Being Used On XRP, Predicts When Price Will Rally To $300 In the present cycle, Bitcoin climbed above $120,000 during the 2025 bull run before entering a decline. At the time of the analysis, the price was in the low-$60,000 range. The main point being made is that if Bitcoin were to fall by a similar percentage as in earlier cycles, the final bottom could be much lower than current levels. A similar type of decline, around 78.92%, would place a potential low below $30,000. This is not presented as a prediction, but as a possible outcome if the market follows its historical pattern. The analyst also highlights that Bitcoin tends to move within a long-term upward channel, with past bear-market lows forming near the lower edge of that range. Based on this structure, the argument suggests that the market may still be in the middle of its correction phase, and a deeper drop is still possible before a final bottom is reached. Institutions Change The Equation Yet the analyst does not believe history will repeat perfectly. While the chart illustrates that past cycles often erased close to 80% of value from their highs, he argues that the market structure has evolved. Unlike earlier cycles, the current environment includes substantial institutional participation. Large investment firms, exchange-traded funds, and corporate treasury allocations have introduced new sources of demand that were largely absent during the 2018 and 2022 bear markets. From the analyst’s perspective, that growing institutional presence should gradually reduce volatility. Related Reading: Pundit Says Dogecoin Is About To Do Something Insane, Here’s What For that reason, the analyst expects the eventual drawdown to be closer to 50%–60% rather than the historical average near 80%. Based on that framework, a bottom of around $52,000 becomes the preferred target rather than a collapse below $30,000. The outlook also includes a bold forecast that October could mark the beginning of a new bull market. For now, the chart presents two competing possibilities. Historical cycle behavior suggests a destination below $30,000, while the analyst’s adjusted model points to a shallower decline near $52,000. The gap between those outcomes highlights the question dominating Bitcoin’s market today: will institutional capital rewrite the rules, or will history have the final word? Featured image created with Dall.E, chart from Tradingview.com
Over the weekend, the Bitcoin price suffered a major crash, moving below $60,000 for the first time in this cycle. In contrast, there has been some recovery, with the price moving above $62,000 on Sunday, as investors moved back into the market. However, this recovery seems to only be a stop-gap for now because, according to one analyst, there is something bad coming Bitcoin’s way and it’s going to happen today. Is A Black Monday In The Cards? Analyst WhaleTwits on the X (formerly Twitter) platform has sounded the alarm for what could be a Monday to remember for Bitcoin. This comes after the crash toward $59,000 last week as the market moved into the bearish territory once again, suggesting that the worst is not over. Related Reading: Dogecoin Could Rally 300x And Cross $20, Analyst Claims According to the crypto analyst, something bad is expected to happen to Bitcoin on Monday, which is today. However, this does not seem to be ‘bad’ in the sense that everyone expects. Instead, the crypto analyst is warning investors from panicking during this time. WhaleTwits explains that large investors and institutions are actually using this time during which investors are panicking to load up on their bags. If this is the case, it means that they are actually expecting the Bitcoin price to bottom soon and start recovering again. Could Bitcoin Stage A Repeat Of Silver’s Run? Talking about how high the Bitcoin price could climb, the analyst points out the Silver performance over the last year. Silver had seen an historical 600% run that left the market in awe, despite its large market cap. Pointing to this, the analyst suggests that the Bitcoin rally could be even more notable. Related Reading: XRP Pundit Says Pay Attention To This Pattern That Everyone Is Missing The chart shared with the post suggests that the Bitcoin price will bottom above $50,000. Once this bottom is confirmed, then the crypto analyst expects the pioneer cryptocurrency to see what they refer to as a “Parabolic Mark-Up.” The upper end of this trend puts the Bitcoin price at almost $500,000 before hitting a top. As for the timeframe, the chart shows that this will play out between 2026 and 2028, giving a 2-year timeframe for Bitcoin to complete what would no doubt be a historical move. Featured image from Dall.E, chart from TradingView.com
Bitcoin price started a recovery wave above the $62,000 zone. BTC is consolidating and might aim for more gains if it clears the $64,500 resistance zone. Bitcoin managed to form a base above $60,000 and started a recovery wave. The price is trading above $62,500 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $61,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $64,500 zone. Bitcoin Price Eyes Fresh Gains Bitcoin price remained supported above the $60,000 zone. BTC formed a base and settled above $61,200 to start a recovery wave. There was a move above the $62,000 and $62,200 levels. Besides, there was a break above a bearish trend line with resistance at $61,500 on the hourly chart of the BTC/USD pair. The bulls were able to push the price above the 23.6% Fib retracement level of the downward move from the $74,100 swing high to the $59,107 low. However, the bears are active near $64,000. Bitcoin is now trading above $62,500 and the 100 hourly simple moving average. If the price remains stable above $62,000, it could attempt a fresh increase. Immediate resistance is near the $64,500 level. The first key resistance is near the $65,000 level. A close above the $65,000 resistance might send the price further higher. In the stated case, the price could rise and test the $66,500 resistance or the 50% Fib retracement level of the downward move from the $74,100 swing high to the $59,107 low. Any more gains might send the price toward the $68,500 level. The next barrier for the bulls could be $70,000. Another Decline In BTC? If Bitcoin fails to rise above the $64,500 resistance zone, it could start another decline. Immediate support is near the $62,800 level. The first major support is near the $62,500 level. The next support is now near the $62,000 zone. Any more losses might send the price toward the $61,500 support in the near term. The main support now sits at $61,200, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $62,500, followed by $62,000. Major Resistance Levels – $64,500 and $66,500.
Bitcoin’s recent correction continues to shake market confidence, with the premier cryptocurrency enduring an intense selling pressure over the past several weeks. Since May 15, Bitcoin has steadily declined by 26.8%, with price now trading around the cycle bottom at $60,000. Despite the ongoing market weakness, it appears the latest decline may have pushed Bitcoin into one of its most attractive accumulation zones in years. Related Reading: Ethereum Golden Triangle Survives As Structure Remains Unbroken, This Target Says $10,000 Is Coming Power Law Model Produces Rare Bitcoin Undervaluation In a recent post on X, popular market analyst Darkfost highlighted a significant development in Bitcoin’s long-term valuation metrics. According to the analyst, the digital asset has now fallen into an extreme undervaluation zone based on the widely followed Bitcoin Power Law model. For context, the Power Law model is a long-term valuation framework that tracks Bitcoin’s growth trajectory. Rather than focusing on short-term price movements, the model attempts to measure whether Bitcoin is trading above or below its historical trend line. Notably, Darkfost reports that Bitcoin has now dropped below the model’s 4% quantile, i.e., the asset is trading at a valuation lower than approximately 96% of its historical observations relative to its long-term growth path. Historically, these periods below the 4% quantile level have been associated with deep market pessimism and heightened investor uncertainty. Related Reading: Analyst Who Predicted the Bitcoin Crash Says Price Could Reach $40,000, Here’s When Historical Trends Suggest Accumulation Opportunity According to Darkfost, periods of extreme undervaluation represent phases when investors should gradually increase exposure rather than reduce it. This observation is rooted in historical market behavior, where Bitcoin tends to rebound after reaching these undervaluation levels, as seen in 2016, 2020, and 2022. However, it’s worth noting that the Power Law signal should not be interpreted as an indication of an immediate market reversal. Instead, the Power Law model is designed to assess long-term valuation conditions rather than short-term price direction. As a result, investors are encouraged to view it through a broader investment horizon and deploy their positions carefully. At the time of writing, Bitcoin is valued at $61,592, following a slight 1.95% gain in the last 24 hours. Meanwhile, the daily trading volume is down 56.14% to $31.21 billion. According to Coincodex analysts, the Fear & Greed Index stands at 12, indicating market carnage with extreme fear and a dominant bearish sentiment. However, Coincodex analysts predict the market should rebound soon, with a projection of $69,489 next month. Featured image from Shutterstock, chart from Tradingview
A crypto analyst has shared a detailed forecast outlining when Bitcoin could regain bullish momentum and climb back toward $100,000. The expert mapped out the asset’s expected monthly price targets throughout 2026, highlighting periods of sharp sell-offs and a potential recovery phase. While some months point to extreme price declines and market uncertainty, the forecast suggests Bitcoin may gradually rebuild strength and enter a fresh uptrend that could push it back toward six-figure territory. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy Bitcoin Price Forecast From June To September 2026 In an X post published on June 3, crypto market analyst Aralez presented his outlook for Bitcoin in 2026, detailing where he believes the leading cryptocurrency could trade throughout the year. The analyst noted that BTC is still in a strong bear market until a final bottom is reached. According to him, both the second quarter (Q2) and third quarter (Q3) are likely to remain bearish, with Bitcoin set for further declines. At the time of writing, Bitcoin is trading near $60,000 after shedding more than 17% over the past week. During this period, BTC has struggled under mounting selling pressure, weakening market sentiment, and broader geopolitical uncertainty tied to the ongoing US-Iran conflict. Aralez believes this downturn may not be over, forecasting that Bitcoin could finish June with a major bearish sweep toward the $60,000 level. Supporting his bearish stance with a well-detailed chart, the analyst expects an even steeper decline for Bitcoin in July. He predicts that BTC could fall to as low as $53,000, marking a drop of more than 11% from the $60,000 support area. Aralez described the projected move as a major bear trap, where traders are lured into expecting a prolonged breakdown before the market eventually reverses to the upside. Drawing from this, the crypto expert sees the possibility of a short-lived relief rally by August. He predicted that Bitcoin could rebound into the $65,000-$68,000 range, though that move may end up becoming a significant bull trap, as the analyst’s outlook for next month points to another sharp decline. Notably, Aralez’s October forecast appears to mark the end of Bitcoin’s bearish cycle. The analyst projects a final market bottom near $46,000, a level representing a decline of more than 23% from Bitcoin’s current price of near $60,000. According to his projection, this capitulation event could set the stage for a broader market recovery later in the year. BTC Recovery Plan Targets $100,000 By December For all of Q4 2026, Aralez forecasts a strong recovery for Bitcoin, with prices potentially climbing back toward $100,000. He predicts this rebound to begin in October, with the price officially breaking out of its current downtrend and steadily moving upward. Related Reading: XRP Monthly RSI Drops To All-Time Low As Market Watches For Confirmation By November, Aralez projects Bitcoin could rally above $85,000, a level that would confirm a renewed bull market. After clearing this resistance, stronger bullish momentum could extend into December, with the analyst suggesting a possible move toward the $100,000 psychological level, representing roughly a 65% gain from current levels. Featured image from Unsplash, chart from TradingView
Bitcoin is facing a pivotal moment after a sharp market-wide selloff dragged prices toward a major support level. As bearish momentum begins to slow and signs of buyer interest emerge, the coming days could reveal whether this zone becomes the foundation for a rebound or the gateway to a deeper correction. Bitcoin Loses Previous Monthly Low As June Begins Analyzing Bitcoin’s outlook for June, Lennaert Snyder observed that BTC started the month by breaking below the previous month’s low, a development that has weakened the near-term technical picture. In his view, this early loss of support makes a move toward the prior monthly high near $82,800 significantly less likely. Related Reading: Bitcoin’s Market Structure Reflects The Influence Of Major Investors The analyst explained that monthly clearout candles are relatively rare occurrences, reducing the probability of Bitcoin reclaiming higher levels in the short term. Attention is now shifting toward a major support zone that could influence market direction throughout the remainder of the month. Snyder also noted that the recent selloff left behind considerable liquidity, creating an environment where prices could become increasingly volatile. As Bitcoin trades within this broader support range, he expects periods of consolidation and choppy price action, along with occasional relief rallies. Moving forward, the analyst intends to closely track price behavior for potential intraday opportunities and liquidity-driven setups. He added that another sharp downside sweep could trigger additional long liquidations, generating fresh trading opportunities. BTC Faces Its Biggest Test Yet At $60,000 Kamile Uray noted that Bitcoin suffered a sharp decline alongside the broader financial markets, bringing the cryptocurrency back to the closely watched $60,000 level. The analyst emphasized that this area has long been considered a major support zone, and a stronger buyer response here could spark a corrective rebound following the recent selloff. Related Reading: Bitcoin Recovery Rally Or Bull Trap? These Key Levels Hold The Answer Uray also pointed out that the Relative Strength Index (RSI) remains in oversold territory on both the daily and 4-hour timeframes. Such conditions indicate that bearish momentum may be weakening, increasing the possibility of a short-term recovery. According to the analyst, the formation of candles with long lower wicks would be an encouraging sign that demand is emerging at current levels. In the event of a rebound, the first resistance to watch sits around $67,500, followed by the more significant $74,000–$75,000 zone. However, Uray cautioned that the risk of further downside will remain until Bitcoin can establish sustained strength above $74,569. Currently, the $60,000 level remains the key line of defense for the bulls. A decisive break below this support could expose Bitcoin to a deeper decline toward the $55,000–$50,000 region. On the upside, if momentum continues to improve, key resistance levels are at $74,569, $82,885, $98,000, and the $107,000–$109,000 area, with the latter expected to act as a major barrier to further gains. Featured image from Getty Images, chart from Tradingview.com
The Bitcoin price recovery back in May 2026 triggered a renewed wave of bullish optimism. But despite the rising prices, there are some who did not give in to the bullish wave, picking a more conservative stance on the cryptocurrency. With the new month, those who refused to flip bullish look to have come out on top as the Bitcoin price has reversed. However, some analysts are predicting that this might only be the start of the decline. Bitcoin Price Could Be Getting Ready To Fall To New Cycle Lows According to crypto analyst Xanrox, the Bitcoin price crash was expected, given that the cryptocurrency has entered one of the most brutal bear markets in recent history. One very bearish development is the fact that the Bitcoin price has now fallen below two major channels. Related Reading: The Last Time Ethereum Did This Against Bitcoin, It Exploded Above $4,000 These channels include a descending channel, which was broken with the fall below $71,000. Then, the other broken channel is an ascending channel, broken at almost the same time as the descending channel. The result of these two channels being broken, the analyst explains, is a double breakdown. The thing about double breakdowns is that they are extremely bearish and often suggest that the crash is just starting. With the Bitcoin crash already in motion, the crypto analyst expects that the price will continue to go lower. Despite there being significant support around the $60,000 level, which has served as the psychological support this cycle, the analyst does not believe this level will hold. Instead, they suggest holding off buying as the price is expected to drop to $48,000, with a strong possibility of a crash to the $40,000-$30,000 levels. What Investors Should Watch Out For Presently, there is a major outflow happening in the crypto market, and Bitcoin, being the leading cryptocurrency, has taken the highest hit. The bear market has also pushed a significant number of users out as they move toward cash in a market that seems to offer nothing but losses. Related Reading: Pundit Shares Why Most People Will Miss The XRP Run Xanrox also suggests that the banks are now controlling the Bitcoin price. According to the post, the banks could push the price down 20% in a single day once they start selling on futures. This would put major stress on investors as retail traders are liquidated en masse. In this case, losses were expected to be amplified as the market made its final downward move. Nevertheless, there is the possibility that bulls will put up a major fight at $60,000, since it is the cycle’s swing low. Featured image from Dall.E, chart from TradingView.com
Bitcoin’s market structure is increasingly reflecting the growing influence of major investors, as institutional capital continues to shape price action, liquidity, and overall sentiment. Unlike earlier cycles driven largely by retail participation, today’s market dynamics are more closely tied to the behavior of large entities whose positioning can significantly impact short-term trends and long-term direction. How Capital Allocation Decisions Affect Bitcoin Performance Bitcoin’s recent volatility should be viewed through the lens of market cycles rather than short-term fear or speculation. In a post on X, crypto analyst EliZ mentioned that, at this stage, BTC appears to be driven more by capital flows and the decisions of larger investors than by retail investor sentiment. Sharp price movements, liquidation cascades, and the sudden shift in liquidity are all part of the game and often create the perception of significant market manipulation. Related Reading: Is Bitcoin’s Recent Dip Part Of A Larger Institutional Accumulation Strategy? For traders, the takeaway remains slightly unchanged. The challenge is not to predict the institutional actions but to respond effectively to the price action unfolding in real time. Risk management, exposure, opportunities, and adaptability remain more important than attempting to anticipate every move made by major market participants. BTC history reinforces this perspective. Every phase of weakness, fear, and distribution has eventually been followed by a new cycle of expansion. While the timing of the next bullish phase remains uncertain, the market cycles are a fundamental part of BTC’s nature. In this context, discipline becomes the key advantage. Market phases are temporary, cycles are constantly evolving, and liquidity will eventually return to the market. When that sentiment shifts, many pessimistic individuals will suddenly become optimistic again. BTC Sweeps Multiple Key Liquidity Levels In Rapid Decline The sharp recent Bitcoin sell-off has accelerated the downside move faster, with two of the three remaining unswept lows now taken out. A crypto trader known as Max Trades has noted that this move happened earlier than expected. While anticipating a temporary relief bounce after the initial liquidity sweep around the $65,000 region low, the price has continued lower and has now cleared the $62,800 low as well. Related Reading: Bitcoin Falls Sharply Behind Micron Technology As Investors Favor Semiconductor Exposure According to Max Trades, this leaves only the capitulation wick at the downside, a level that has been the main downside target from a liquidity perspective for the past four months. With BTC now trading near critical levels, a decisive break below the $63,000 level could increase the probability of that final wick sweep occurring. Despite the near-term weakness, Max Trades believes that once this final target is reached, BTC will enter an area where the best spot accumulation and swing long opportunities may begin to emerge. Until that level is tested, the broader downside outlook target remains unchanged. Featured image from Pixabay, chart from Tradingview.com
Bitcoin (BTC) has been in a sharp downtrend over the past two weeks, facing steady declines as selling pressure, market volatility, and negative sentiment weigh on its price. During one of its recent market crashes, a crypto analyst noted that BTC had officially broken below a critical four-month support level, leaving the cryptocurrency in a precarious position. The expert now outlines what could happen next, and none of the scenarios suggested point to a fresh bull run—rather, Bitcoin may be headed for an even deeper bear market decline. Bitcoin Price Crash Breaks Key Support Crypto market expert Aralez announced in an X post on June 2 that Bitcoin had officially broken a critical four-month support level that had been holding its price steady. The latest decline saw the cryptocurrency lose more than 8% of its value in a single day, falling below $69,000. Related Reading: Bitcoin’s 4-Year Moving Average Shows Where The Market Bottom Lies Here Aralez explained that Bitcoin’s first goal during this bearish phase was to fill the Chicago Mercantile Exchange (CME) gap in the $74,000 – $81,000 range. His accompanying price chart shows that the CME gap was completely filled earlier in May when Bitcoin briefly climbed above $80,000. At the time, the cryptocurrency had been trading within a tight ascending channel, defined by an upper resistance trendline and a lower support line. This channel had guided BTC’s price up until its latest crash, which saw it break below the pattern’s lower boundary near $70,000. Since crossing $80,000, Bitcoin has entered a rather frightening downtrend, recently crashing below $63,000 after losing the $70,000 support. At the time of writing, Bitcoin is trading just above $62,000, down more than 2.3% in the past 24 hours and over 15% in the last seven days. Analysts tracking this bearish trend add that further declines could still occur until a bottom forms below $60,000, officially ending the bear phase. As for Aralez, he noted that a sharp sell-off immediately after hitting upside targets is usually a strong indication that the cryptocurrency’s downside momentum is far from over. As a result, he predicts that Bitcoin’s next move is likely a brief bounce to higher levels before another full-blown price crash to fresh lows. Analyst Outlines BTC’s Final Bearish Play In his analysis, Aralez outlined his roadmap for Bitcoin over the next 30 to 60 days. He first predicted that BTC could bounce back to the $71,000-$72,000 range and consolidate there for a bit. Afterward, the analyst expects the cryptocurrency to decline sharply toward lower-liquidity levels of $65,000-$63,000. Related Reading: Here’s Why The Bitcoin Price Is Crashing And What To Expect Next Once that range is reached, Aralez forecasts a brutal sweep below $60,000, suggesting a potential Bitcoin bottom near $55,000. He cautioned investors not to mistake the current market for the start of a new bull run. Instead, he said the market looks more like a classic bull trap that could catch many investors off guard. He added that the Bitcoin path with the least resistance points to lower levels. As the cryptocurrency continues its decline, he urged traders and investors to avoid becoming exit liquidity. Featured image from Pngtree, chart from Tradingview.com