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&#8217;s outlook 
for June, Lennaert Snyder observed that BTC started the month by breaking 
below the previous month&#8217;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

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 &#8230;

Bitcoin Testing A Critical Support After Sharp Market-Wide Selloff

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The volatility highlights the risks of leveraged trading in crypto, as macroeconomic factors can swiftly trigger massive market disruptions. The post Bitcoin dips below $61,000, triggering $172M in long liquidations appeared first on Crypto Briefing.

Bitcoin dips below $61,000, triggering $172M in long liquidations

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Quantinuum&#8217;s stock drop post-IPO highlights volatility in quantum computing 
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Quantinuum&#8217;s stock drop post-IPO highlights volatility in quantum computing investments, impacting investor confidence across the sector. The post Quantinuum shares drop to $54 after IPO at $60 as syndicate halts defense appeared first on Crypto Briefing.

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Bitcoin’s next chapter may be shaped by four competing visions for how the 
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Future Path Under New Scrutiny Strategy (Nasdaq: MSTR) Executive Chairman 
Michael […]

Bitcoin’s next chapter may be shaped by four competing visions for how the network should grow. Strategy Executive Chairman Michael Saylor’s framework argues that decisions around adoption, innovation, and decentralization could influence BTC’s role in the global financial system. 4 Bitcoin Camps Put BTC’s Future Path Under New Scrutiny Strategy (Nasdaq: MSTR) Executive Chairman Michael &#8230;

Michael Saylor Sees 4 Bitcoin Ideologies Testing BTC’s Future

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talks set for next Saturday appeared first on Crypto Briefing.

The meeting&#8217;s implications extend to crypto markets, influencing energy prices and highlighting prediction markets&#8217; role in geopolitical risk. The post White House confirms Witkoff-Araghchi meeting in Oman, with follow-up talks set for next Saturday appeared first on Crypto Briefing.

Bitcoin Testing A Critical Support After Sharp Market-Wide Selloff

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