Bitcoin (BTC) is nearing a six-week low, with the BTC/USD pair hitting $63,356 on Bitstamp. The cryptocurrency has been down 3.7% week-to-date and 5.75% in June overall, struggling to find acceptance even at the $64,000 mark. According to popular trader Skew, some buyer interest is returning at the lows, but sustained bidding is needed for a broader recovery. Skew also noted a lack of real market participation, with price largely controlled by automated trading algorithms. Meanwhile, Bitcoin has reached and crossed a key bull market trendline, the short-term holder cost basis (STHCB), also known as realized price. This has acted as unchallenged support since the end of the 2022 bear market.