Speculative posts for June

[Olatundespo]

The price of Bitcoin has been corrected step by step, but the current dumping is happening and the 59k level has been broken. But from there, the price has risen slightly again and the current Bitcoin price of 64k dollars is suspended, but no matter how low the price of Bitcoin is, you should not panic at this time.
Rather, you have to keep yourself strong and attract yourself to Bitcoin investment, but at the moment of this correction, the selling pressure has increased, naturally the Bitcoin price is going to be dumped.

It is true that Bitcoin is being corrected step by step and we have seen that Bitcoin price broke the resistance level of $59k in June 2026. It seemed to me that this was a gradual rally and this was the lowest price of Bitcoin in this cycle. However, it seems that Bitcoin has stood firm and has currently created a strong resistance level above $60k. You are right that selling pressure increased during this correction and naturally Bitcoin price could fall but even then I think Bitcoin has managed to hold its ground even in the midst of geopolitics as it seems that even after Iran announced again to close the Strait of Hormuz, Bitcoin price is still showing an upward trend.

Despite the update phases Bitcoin has shown impressive resilience what stands out is how it continues to Hol key support levels even when geopolitical tension create uncertainty across global markets if purchasing can maintain momentum about $60k it could strengthen confidence that broader uptrend remain intact. So many individuals expected a deeper pullback especially with all the geopolitical headlines but Bitcoin has remained surprisingly solid holding about $60k is definitely a good sign although I think the big test we be whether it can sustain that level.

The global economy has been in a state of instability for a long time. I think the price of Bitcoin has not fallen much yet. Those who predicted that the price of Bitcoin would fall too much did not have a good prediction, but for those who still continue to buy, Bitcoin holding will create a great possibility of rising to a good level.

Geopolitics has created a possibility of rising to a stable level and at this level there is a strong possibility of rising prices. Looking at the market yesterday, I thought that the price of Bitcoin might rise but it will be at a lower level again. During this period of decline, not much volatility is observed among many investors. Looking at the price in the market, I can easily guess that investors of every level are spending their time holding Bitcoin.

[kawetsriyanto]

The support level around $60k is, in fact, the key level right now, on which the future trend depends. If the bears break through it, the downtrend will continue. However, if this support level holds once again, the bulls will have a chance for a slight recovery. But personally, I think the bears will take the initiative again, because the more often a particular level is tested, the higher the probability that it will be broken.

Again, the level $60k is broken, Bitcoin dropped again to $59k today. I think we shouldn't expect for the bullish or uptrend now, it seems to decline again to the lower price. As long as we can't really pass the level $65k, the market will tend to drop than raising gradually anymore. Sure, the bearish continues, it isn't impossible that we have a new lower price before the end of this month. In the last few days/weeks, Bitcoin price was too often testing a lower price below $60k.

The global economy has been in a state of instability for a long time. I think the price of Bitcoin has not fallen much yet.

Yep. Because of the bad issues around the world, Bitcoin price keeps declining. The worse situation of world's economy makes the investors be more defensive in investment. They become very careful to spend their money, especially in speculative asset like Bitcoin.

Those who predicted that the price of Bitcoin would fall too much did not have a good prediction, but for those who still continue to buy, Bitcoin holding will create a great possibility of rising to a good level.

I don't get your point. I think the people who assume Bitcoin will decline more, they have predicted the right way. You must be aware that Bitcoin is very possible to drop again to a lower price.

[STT]

People always focus on the near term might be his point, buying at the lower price isnt the negative.  Really it depends on our outlook, some people say quantum ends BTC so they have the ultimate negative outlook and it almost makes price or numbers pointless.   I'm not that negative but I do try to consider and weigh every point of view as valid and operating in the market for this common price we trade.

The graph doesnt look positive for BTC because we trade below a 200 week average but also this isnt like falling into the ice, its an average and its purpose is for an indicator.  Yet there is a feedback effect and people will be more negative because we slip below.   The advice I was given is the direction of an average matters far more, its  showing momentum on its own time scale.

Its too late for June, Dollar is rising and un-suppressed below 100 DXY index we should be now expecting weakness in BTC and many asset prices.  How we weather the storm proves the strength imo, the storm was always coming.