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8 Jun 2026, 13:44
Bitcoin bounces back above $63K following Friday’s washout below $60K
More on markets US2Y hits a fresh 52-week high, extending the sharp 2026 yield rally AI benefits still concentrated in the Magnificent Seven, Apollo says MSG shares surge on Knicks Finals run ahead of Trump's expected Game 3 visit Bitcoin breaks below $60K as risk-off sentiment intensifies S&P 500: This Is Not A Dip Yet (Rating Downgrade)
8 Jun 2026, 13:39
Bitcoin Price Prediction: What Is BTC’s Most Likely Scenario This Week?
Bitcoin continues to trade under heavy pressure after losing several key support levels in quick succession. The recent breakdown has pushed the asset into a significant demand region around $60K, while on-chain data suggests older coins are increasingly moving to exchanges, adding another layer of caution for market participants. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC’s recent breakdown was followed by an aggressive selloff that pushed the price toward a major support zone between approximately $59K and $62K. This area previously acted as a strong accumulation region and is currently providing the first meaningful reaction from buyers. The latest candles show a modest bounce from the lows around $59.1K, but the recovery remains limited so far. The broader structure remains bearish as long as Bitcoin trades below the former support area around $66K to $67K. Any recovery rally is likely to encounter resistance there first. Above that, the next major supply zone sits around $72K to $74K, which coincides with the breakdown region and could attract renewed selling pressure. A sustained hold above $60K could allow for a relief rally, but reclaiming the $66K to $74K range would be necessary to improve the larger market structure. Failure to defend the current demand zone could expose Bitcoin to a deeper correction below the recent lows. BTC/USDT 4-Hour Chart The 4-hour chart provides a clearer view of the recent breakdown. Following the rejection, the price lost the key $72K to $74K supply area before breaking below the intermediate support around $65K. The selloff accelerated afterward, creating a sharp, impulsive move toward the blue demand zone near $60K. For now, buyers are attempting to stabilize the market within this support region. However, the recent rebound appears corrective rather than impulsive. As long as Bitcoin remains below the broken support at $65K and beneath the former consolidation zone around $72K to $74K, the short-term trend favors the bears. A recovery above $65K would be the first sign that downside momentum is weakening. Until then, traders will likely monitor the current support closely for either a stronger reversal or another leg lower. Onchain Analysis The Exchange Inflow Spent Output Age Bands chart reveals a noticeable increase in exchange deposits from older coins, particularly the 3-6 month and 6-12 month cohorts. Recent spikes are among the largest visible on the chart and have appeared while Bitcoin has been trending lower. Historically, elevated exchange inflows from older holders can indicate growing distribution activity, as coins that have remained dormant for several months are moved back to exchanges where they can potentially be sold. While a single spike does not guarantee further downside, repeated inflow surges during a declining market often reflect weakening holder conviction. The latest data suggests that medium-term holders have become increasingly active during the recent correction. If these inflows persist, they could continue to generate supply pressure and make a sustained recovery more difficult in the near term. Overall, Bitcoin is attempting to defend a critical support zone around $60K to $62K. While a short-term bounce is underway, both market structure and on-chain activity suggest that bulls still face significant work before a broader trend reversal can be confirmed. The post Bitcoin Price Prediction: What Is BTC’s Most Likely Scenario This Week? appeared first on CryptoPotato .
8 Jun 2026, 13:34
XRP Investors Once Dreamed of $1, Now Complain at the Same Price
Analyst Crypto Patel has highlighted what he sees as a major shift in XRP investor psychology. He noted that XRP holders once dreamed of the token reaching $1, yet many are now frustrated even though XRP is trading at that level. Visit Website
8 Jun 2026, 13:30
Is Dogecoin Near A Bottom? This Key Metric Is Offering New Clues On The Matter
With heightened bearish pressure continuing to impact Dogecoin’s price action , investors are now discussing and showing concerns about when the meme coin could bottom out. However, a crucial signal has recently emerged from a key metric, suggesting that DOGE’s market bottom may be taking shape. Dogecoin’s Price Bottoming Signal Emerges Dogecoin may witness a slight bounce on Sunday, but its broader outlook remains highly bearish, stifled by ongoing volatility in the crypto market. As investors look for indications that Dogecoin might be nearing a turning point, one on-chain metric is gaining attention for its clues about the meme coin’s current phase. These clues are emerging from the Dogecoin Cumulative Value Days Destroyed (CVDD) metric. After thoroughly examining the metric, Joao Wedson, the founder of the Alphractal on-chain platform, announced that DOGE is in a price bottoming phase. According to the expert, this metric has been one of the most accurate throughout the meme coin’s history. This is because every time DOGE approached 1 on the chart, or spent just a few days below it, major price bottoms often follow. While the phase matures, Wedson highlighted that the latest bottoming signal will be triggered whenever Dogecoin falls below the $0.08 level. Once the meme coin drops below this level, this development will be seen as an ideal entry point , as the smartest investors are expected to start accumulating a lot of DOGE. As a result, the expert has advised investors to start accumulating, especially during the capitulation phase, and hold the meme coin for a long time. In the midst of rising volatility, Dogecoin could reach a price bottom before Bitcoin. Wedson is confident DOGE might bottom out in June because the meme coin often marks a local bottom in the month in bear market periods. Meanwhile, BTC typically reaches a price bottom at the end of Q3 or Q4 during bear market phases . Past Price Trend Is Set To Repeat DOGE may bottom out in June, but its price action in the month is not going to be a smooth one. In the monthly timeframe, Dogecoin has dropped down to a long-term macro support level, which has been present since 2017. As a result, Namtoshi Dogemoto, an investor and crypto analyst, has predicted that the meme coin may experience some volatility in June as it did in the 2020 market cycle. During the period, DOGE dropped below this support on multiple occasions and sprinted back up before the end of the month. With a similar trend emerging, DOGE is likely to mirror the price action of June 2020. Currently, the expert is positioned below the macro support level, and a repetition of this price action could result i n massive gains . “I didn’t think we would visit down here, but it’s a great opportunity to load up now,” Dogemoto added. Ali Charts shared that DOGE has reached a closely monitored target of $0.0883, with the lower boundary of a parallel channel now being tested. As long as this support holds, the expert believes recovery toward $0.1019 and $0.1156 could unfold. However, a breakdown is likely to expose the next major supply zone near $0.067.
8 Jun 2026, 13:30
Has The Bitcoin Price Crash Ended Or Is This Just The Beginning? Analyst Answers
Following Bitcoin’s rebound from last week’s dip below $59,000, the market is now weighing whether the recent price crash has finally run its course or if a deeper correction is still ahead. While the recovery has provided some relief across the crypto market, analysts warn that Bitcoin remains in a fragile position as weak demand, cautious investor sentiment, and broader market uncertainty continue to weigh on the price action. According to market experts, Bitcoin’s outlook remains largely bearish despite the short-term bounce. However, analysts also point to a potential silver lining in the current downturn that may benefit long-term investors. Bitcoin Price Set For Massive Crash This Summer Crypto market expert Aralez has issued a fresh bearish forecast for Bitcoin, suggesting that the ongoing downtrend has not yet ended. In an X post on June 6, the analyst said Bitcoin’s decline has just begun, indicating that the recent drop below $60,000 was only the early stage of the bear market. Related Reading: Analyst Who Predicted the Bitcoin Crash Says Price Could Reach $40,000, Here’s When Aralez noted that since May 2026, he has consistently predicted a decline below $60,000, believing that Bitcoin would eventually take out local lows as bearish pressure mounts. As he forecasted, the $60,000 to $63,000 BTC price range has now been decisively lost. With this key support broken, the analyst warned that the next downside move could be really aggressive. Using a detailed chart to support his outlook, Aralez outlined a bearish roadmap for Bitcoin’s price this summer. The chart shows that Bitcoin traded within an ascending channel between April and May but ultimately broke below the lower boundary, triggering a prolonged downtrend through late May and early June. Notably, Aralez projected that Bitcoin’s next move will likely be a short-term bounce toward the $71,000 support zone. After Bitcoin retests this zone, he said a major distribution phase is likely to begin. During this stage, the cryptocurrency could see an impulsive sell-off toward $46,000 to $48,000, representing a 25% to 28% drop from current levels above $62,000. Aralez noted that a decline to this lower range will lead to a slow bottom formation, officially resetting the broader market cycle. He cautioned investors not to assume that the bottom is already in, emphasizing that current market data and conditions suggest otherwise. The analyst also confirmed that Bitcoin’s bear market is still ongoing. He urged investors and traders to prepare ahead and avoid major mistakes now more than ever. Analyst Sees Accumulation Before Next Bitcoin Rally In his X post, Aralez outlined a silver lining to his bearish outlook, noting that once Bitcoin reaches a bottom, a significant accumulation phase is likely to follow. He said this stage could present a strong long-term opportunity for investors, as valuations stabilize and selling pressure gradually fades. Related Reading: Analyst Predicts When Bitcoin Price Will Reach $100,000 In 2026 Based on historical price movements, an accumulation phase after a cycle bottom often sets the foundation for the next major trend reversal. Building on this, Aralez noted that after the accumulation phase, an explosive expansion could follow. This would signal a return of strong bullish momentum, with prices potentially accelerating sharply while investors who had bought at the bottom could see major gains. Featured image from Freepik, chart from Tradingview.com
8 Jun 2026, 13:25
Elon Musk’s SpaceX AI Bitcoin Price Prediction: But it Comes With One Big Catch
Elon Musk, SpaceX AI, just put Bitcoin in the spotlight with a prediction target of $150,000 to $250,000 plus by the end of 2026. The wild part is BTC is sitting near $63,197 right now, so this is a call for a 2x to 4x move from here. The bull case is built on the idea that Bitcoin is the last major asset yet to fully run. Its market cap still lags behind global equities, gold, and real estate, even with institutions and nation-states piling in. Source: xAI Bitcoin Price Prediction Add Trump pushing a Strategic Bitcoin Reserve, a realistic shot at the Digital Asset Market Clarity Act passing, and a possible cooling of geopolitical tension. That cocktail sets up a breakout past old highs and well beyond. Capital wants the scarcest store of value while fiat keeps expanding, and BTC fits that role perfectly. The bear case is not scary, but it is real. Lingering regulatory friction, drawn-out wars, or a broad macro risk-off mood could stall the upside. That pressure could drag the price back toward the $40,000 to $50,000 support zone. The catch is that structural buying from ETFs, corporations, and governments makes a deep, extended drawdown harder to pull off. The downside looks shallow while the upside stays huge. Bitcoin Price Prediction: The Last Major Asset Still Coiled Before Its Snap Now to the chart. BTC is on the weekly, and the price is sitting at $63,197 after a sharp rejection from the $120,000 region. The structure shows a clear lower high after that blow off top, and now we are testing prior breakout levels from below. The pattern looks like a deep retracement within a longer bull market, not a full trend reversal. Key support sits at the $60,000 area, with deeper support at $50,000 and the major shelf near $40,000. Resistance stacks at $70,000, then $80,000, and the heavy ceiling back at $120,000. Source: Bitcoin Price / Tradingview RSI is reading 34.21 with its signal line at 40.41. So price momentum is sitting below the average and pushing toward oversold. That gap of around 6 points between the two tells you sellers still have control short-term, but the stretch into oversold often marks exhaustion. When RSI curls back above that 40.41 signal, it flips the read bullish. Tie it together, and the chart agrees with the prediction. Reclaim $70,000 and the path toward six figures, and that $150,000 to $250,000 zone opens right up. Discover: The best crypto to diversify your portfolio with You Might Like SpaceX AI Prediction For LiquidChain Which is Catching the Attention of Bitcoin holders The rotation is already happening. Most people will only see it in hindsight. Large-cap crypto is not broken. It is capped. Bitcoin, Ethereum, and XRP have been pressing against the same resistance bands for weeks with nothing to show for it. The macro tailwinds keep getting delayed. The institutional inflows keep getting pushed to next quarter. Waiting on catalysts outside your control is not a strategy. It is just waiting. A capital that has navigated enough cycles does not sit at resistance. It moves before the destination becomes obvious to everyone else. Early stage infrastructure plays operate on completely different math. Small enough market cap means a modest rotation produces dramatic price movement. The asymmetry comes from the gap between what something is actually worth and what the market currently thinks it is worth. That gap only exists while the project is still undiscovered. Multi-chain fragmentation bleeds DeFi every single day. Bitcoin, Ethereum, and Solana run completely isolated liquidity systems with no native way to connect them. Every user moving value between ecosystems pays for that disconnection directly in fees, slippage, and failed transactions. The cost is real and it compounds across every interaction. LiquidChain collapses all 3 networks into a single execution layer. One deployment. Full ecosystem access. No cross-chain tax on every interaction. The presale is at $0.01454 with just over $820,000 raised. Ground floor is not a marketing phrase. It is a description of where this sits in its lifecycle right now. Execution is unproven. Adoption is unknown. Established assets offer a smoother ride toward a ceiling that is already visible. LiquidChain offers an earlier seat at a table that has not been set yet. Explore the LiquidChain Presale The post Elon Musk’s SpaceX AI Bitcoin Price Prediction: But it Comes With One Big Catch appeared first on Cryptonews .
