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.

[alankasman]

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.

Currently, if anyone is predicting the price I don't think it's necessary because the market movement is clearly unstable. What we need to do now is buy to hold on when the market price begins to stabilize and increase as before. The only thing we need to do now is buy which is what we must do. However this also depends on our financial strength. Even if we have the desire to buy when the price is still very low if we don't have the financial strength it is certainly something we should do when the market price still supports us to accumulate BTC.

It's still not entirely clear whether there has been an improvement in market conditions. Even if there is upward movement it won't last long but fewer people will sustain the increase even if it does occur. This is because the Bitcoin price isn't yet certain to reach a higher level. If I'm still talking about the possibility I'd certainly prefer a direction that isn't guaranteed to last long even if the market price rises. This is my guideline as long as the conflict persists it will be more difficult to see an improvement in market conditions. Therefore it's more important to hold onto the Bitcoin you've accumulated aiming to avoid selling before the market price reaches the desired level and to avoid wasting the amount you've accumulated over several years.

[bubilas]

Selling pressure has eased, and buyers are biding their time. With this dynamic in the tech sector, BTC is holding around $62,000. The mood is roughly: "We were the first to fall again, ETF flows are weak, stablecoin liquidity isn't growing, alts are out of fuel."
And this is an important structural difference.
Crypto is stabilizing out of a state of distrust. Outflows from crypto ETFs continued. The stablecoin market cap is around $315 billion, down for the month.
No fresh liquidity is entering the system.
Without expanding stablecoin supply, alts are generally unable to initiate a sustainable trend, even if BTC temporarily stabilizes.
However, uncertainty regarding the US-Iran agreement remains due to differing interpretations of the agreement.

[imthegreat]

Currently, the indicator—the percentage of BTC supply in profit—is hovering near the green zone, the capitulation zone.

And judging by the metric, the profit figures are quite low right now. Currently, only 55.4% are in profit, and their percentage is falling. Such figures are very rare. This is the sixth percentile, meaning only six percent of days were even lower.
Over 30 days, the indicator has fallen by 9 points, which is quite rapid.
Typically, lower Supply in Profit levels, such as 42-47%, signal a strong reversal, no matter how frightening the approach to such levels may be.

[summonerrk]

Selling pressure has eased, and buyers are biding their time. With this dynamic in the tech sector, BTC is holding around $62,000. The mood is roughly: "We were the first to fall again, ETF flows are weak, stablecoin liquidity isn't growing, alts are out of fuel."
And this is an important structural difference.
Crypto is stabilizing out of a state of distrust. Outflows from crypto ETFs continued. The stablecoin market cap is around $315 billion, down for the month.
No fresh liquidity is entering the system.
Without expanding stablecoin supply, alts are generally unable to initiate a sustainable trend, even if BTC temporarily stabilizes.
However, uncertainty regarding the US-Iran agreement remains due to differing interpretations of the agreement.

Crypto rebounded along with risk-beta, but not due to its own strong flows.
Bitcoin suffered a major blow to its ETF yesterday: an outflow of about $469 million. BTC found support at $59,200 and rebounded to ~$61,000. Technically, $60,000 wasn't held.
But mechanically, this is rather positive: with such ETF outflow and Strategy FUD, sellers were unable to consolidate the move below the key zone.
Yesterday's hold on $60,000 is, in my opinion, a truly powerful indicator that Bitcoin is unwilling to give way below its technical limits, even in such a raging storm of negativity.

[Charles-Tim]

Selling pressure has eased, and buyers are biding their time. With this dynamic in the tech sector, BTC is holding around $62,000.

The selling pressure that later occurred today was very strong, it took bitcoin to $58000, but bitcoin later went back to $60000 before falling back again. Unable to maintain the support anymore, and it is now looking like $60000 support has faded into being the resistance now. Although, we can not just make a conclusion but it is likely that is what is going to happen. The longer bitcoin stay below $60000, the more it will become the reality, or the bulls should try and defend the $60000 which I think is not going to happen for now.