Bitcoin&#8217;s alignment with gold suggests its potential evolution into a stable asset class, enhancing its role in global financial systems. The post Bitcoin reclaims $89K as decoupling narrative gains momentum appeared first on Crypto Briefing.

Bitcoin reclaims $89K as decoupling narrative gains momentum

The Bitcoin community is divided after core developers released a joint 
statement on transaction relay policy and use cases amid the ongoing OP_Return 
debate.

Bitcoin core devs' joint statement sparks heated debate among Bitcoiners

Coinbase is tackling account freeze issues head-on with top-priority fixes, 
deploying smarter machine learning, in-app verification tools, and long-term 
safeguards to protect users. Coinbase Says Account Freezing Issue Down 82% 
Amid Internal System Overhaul Crypto exchange Coinbase (Nasdaq: COIN) 
addressed ongoing concerns about user account restrictions in a series of 
updates shared on June 6 […]

Coinbase Makes Ending Account Freezing a Top Priority

Bitcoin saw a sharp price dip on Thursday amidst a public fallout between US 
President Donald Trump and the world&#8217;s richest man Elon Musk. The premier 
cryptocurrency, which had traded steadily within the $104,000–$106,000 range 
throughout the week, plunged to below $101,000 as tensions escalated between 
the two influential figures who attacked each other via their personally owned 
social media platforms i.e. X (formerly Twitter) and Truth Social. Since then, 
Bitcoin has shown some market resilience climbing back to around $104,000. 
With another consolidation developing, market analyst Crypto Daan has 
highlighted the price levels that are critical to the next price breakout. 
Related Reading: Bitcoin Sees Largest Net Taker Volume Drop Of 2025 – Traders 
React To Trump-Elon Clash Beyond $106K Or Below $100K &#8211; What’s Next For 
Bitcoin? The month of May proved largely bullish for Bitcoin as the digital 
asset surged from around $95,000 to establish a new all-time high near 
$112,000 marking the resumption of the larger crypto bull market. However, 
Bitcoin has noted a significant price correction since reaching this peak with 
market prices pegged around $104,000 on May 31. As seen in the first week of 
June, Bitcoin had hovered around $106,000 before its most recent price slump 
on Thursday. Due to this price action, Daan Crypto notes the digital asset is 
now trading within a price range of $100,000-$106,000, where it comfortably 
sits at the mid-range around $104,000. The analyst notes that if Bitcoin 
returns break below the lower range boundary at $100,000, the ongoing price 
correction could extend for 1-2 weeks. Going by BTC’s stairwell ascent in the 
past month, potential market support in such a bearish case would lie around 
$95,000 and $85,000. On the other hand, if the market bulls can force a return 
above the monthly high of $106,000, Daan Crypto explains that such development 
would indicate the market correction is over, and Bitcoin may be headed for 
another price discovery with potential initial targets of around $120,000. 
Related Reading: XRP Wave Structure Predicts Wild Fluctuations On Its Way To 
$4 ATH BTC Price Overview At the time of writing, Bitcoin trades at $104,650 
following a price gain of 2.98% in the past day. Using larger time frames , 
the premier cryptocurrency is up by 1.12% on its weekly chart and 7.49% on the 
monthly chart indicating a strong bullish control of the market. 
Interestingly, the Relative Strength Index on the daily chart stands at 51.53 
facing upward which supports the notion that Bitcoin’s correction might be 
over with price eyeing a return to the overbought zone above 70. With a market 
cap of $2.07 trillion, Bitcoin continues to rank as the world’s largest 
cryptocurrency and fifth largest asset in the world. Featured image from 
Pexels, chart from Tradingview

Bitcoin Stabilizes At $104,000 Mid-Range As Market Eyes Next Breakout

Top investment firms demand SEC reinstate filing-order rule to protect crypto 
ETF innovation and prevent market dominance by giants. SEC Urged to Restore 
First-to-File Rule as Big Firms Exploit System Shift Executives from asset 
management firms Vaneck, Canary Capital, and 21Shares issued a joint letter to 
U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins […]

SEC Urged to Stop Favoring Late Filers in Crypto ETF Race for Market Share

CRYPTOWZRD noted in a recent update on X that Chainlink ended the session with 
a bullish close, hinting at potential further gains ahead. However, the 
analyst emphasized that Bitcoin will ultimately dictate the move. Keeping a 
close eye on the intraday chart, the expert mentioned that an early pullback 
could present a scalp opportunity, as long as Bitcoin aligns with the bullish 
outlook. Breakout Likely With Strong Daily Candles Breaking down his latest 
analysis, the trader explained that LINK’s daily candle officially closed 
bullish, marking a key technical point in the current trend. Meanwhile, 
LINKBTC ended the session on a positive note, which adds weight to the bullish 
outlook for LINK in the short term. Related Reading: Chainlink Struggles At 
Key Resistance Level – $10 Support Back In Focus However, the analyst 
emphasized that more bullish daily closes on LINKBTC are needed to confirm 
momentum. A continuation of strength could lead to an impulsive breakout above 
the daily candle’s lower high trendline, igniting the next leg upward. A 
decisive move above the 0.000140 BTC resistance zone is expected to accelerate 
price action for LINK, giving bulls a clear signal to push higher. If momentum 
continues to build, LINK could rally toward the $16 resistance level, marking 
a major target for the current setup. For now, $12.50 remains a key support 
level on the daily timeframe and will act as a cushion if bearish pressure 
reemerges. Looking ahead, the analyst pointed out that Bitcoin and Bitcoin 
Dominance will remain the primary market drivers for Chainlink heading into 
the weekend. While maintaining a rational outlook, CRYPTOWZRD plans to monitor 
LINK’s intraday chart closely for any developing setups. Awaiting Chainlink 
Next Trade Setup In conclusion, CRYPTOWZRD emphasized that LINK’s intraday 
chart is showing signs of a bullish recovery, closely aligned with Bitcoin’s 
recent rebound. He expressed optimism that further upside is likely if current 
conditions persist, particularly if Bitcoin maintains its strength. Related 
Reading: Chainlink Holds Strong At $15.29 Support – Is A New Breakout 
Imminent? Despite the encouraging signs, CRYPTOWZRD noted that a temporary 
bearish pullback would be both natural and healthy within the current market 
context. Pullbacks often reset market conditions, providing better structure 
for stronger continuation patterns. He believes such a retracement could offer 
a favorable early entry point for long positions, especially for short-term or 
intraday traders looking to capitalize on the volatility. As the market 
continues to evolve, CRYPTOWZRD advises traders to wait for clear confirmation 
of the next trade setup before taking action. His statement emphasized that 
strategic patience will be key in identifying the most rewarding 
opportunities. For now, traders should track price behavior closely and 
prepare to act swiftly when the next valid entry signal presents itself. 
Featured image from Adobe Stock, chart from Tradingview.com