Bitcoin's (BTC) price could be in jeopardy if it ends June below $56,500, warns trading resource Material Indicators. BTC/USD hit its lowest levels since May, and these lows are now the focus of traders. Market pressure is expected to increase, especially with the weekly, monthly, and quarterly close all happening on the same day. If bears gain control, the $56,500 level will form the floor that buyers need to defend. "Watch out for possible spoofs," advises Keith Alan, co-founder of Material Indicators, referring to artificial shifting of liquidity by large-volume traders to influence price action. 🐻💹