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Crypto

Bitcoin weak even as U.S. stocks rise, resembling 2018 and 2022 bear markets

Bitcoin is again facing downward pressure ahead of the release of U.S. inflation data. It slid about 1.2 percent on June 9 as Wall Street opened and moved toward lows in the $62,000 range, while U.S. stock indexes opened higher. Some traders said a break above $65,000 would signal a shift higher, but others said the move resembles past bear markets after Bitcoin fell below key technical levels.

Crypto

Bitcoin bottom debate flares, five key variables to shake market this week

Warnings are growing again that the latest decline in the bitcoin market may not be the bottom of the bear market. Some traders see any firm low forming no earlier than the third quarter, and possibly in the fourth quarter, even if bitcoin attempts a short-term rebound. This week’s outlook is shaped by U.S. CPI and PPI data and interest-rate expectations, stock-market volatility, Middle East risks, mixed on-chain signals and extreme fear in investor sentiment.

Crypto

Bitcoin retests 200-week SMA, a key 2022 bear market line

Bitcoin slid to a four-month low and returned to the 200-week simple moving average, a level that acted as key resistance in the 2022 bear market. TradingView data put the 200-week SMA at $61,626. Some in the market view the zone as a near-term pivot, while others point to oversold technical signals, with the daily RSI falling to 17.35. Traders are also watching potential risks linked to Strategy.