Bitcoin's overall uptrend could be in jeopardy if it closes June below $56,500, warns trading resource Material Indicators. This week, Bitcoin hit its lowest levels since May, and these lows are now a focal point in trading circles. Market pressure is expected to intensify through the week, with the weekly, monthly, and quarterly close all happening on the same day. If the bears take control, the $56,500 level from seven weeks ago will form the base of a bottoming zone that buyers need to defend. Material Indicators' co-founder Keith Alan also cautioned about potential "spoofing" by large-volume traders to influence price action.