📉 Bitcoin (BTC) is on a tightrope, teetering on the edge of June with a potential monthly loss and desperately clinging to the $60,000 support level. 🐻 Bearish indicators are predicting a stormy July with increased selling pressure. One of the major culprits? The long-awaited Mt. Gox repayments, unlocking a whopping $9B in Bitcoin. 💰

This repayment, a decade in the making, has analysts predicting a significant drop in Bitcoin prices as creditors may sell their newfound assets to realize profits. 😱

On-chain indicators also suggest that many Bitcoin investors may lock in profits at current price levels, anticipating a market peak. 📈

But hey, it's not all doom and gloom! Analyst Degen Kid predicts a drop to $55,000 amid the Mt. Gox repayment but remains optimistic about the overall market outlook. 🌈

What do you think? Is Bitcoin headed for rough waters or is this just a temporary dip? Let's chat in the comments! 👇