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Bitcoin faces July rebound test after 18.5 percent June slide; $75,000 view also

Bitcoin is down about 18.5 percent in June, raising the risk of its worst monthly return since mid-2022, while markets debate a July rebound versus further declines. Analysts focus on whether the $60,000 support level holds. Some point to heavy short positions in futures and seasonal patterns that have historically made July stronger than June. Others flag technical weakness, including trading below key long-term averages, with $55,000 cited as a possible downside target.