"Bitcoin (BTC) is on the brink of ending June with a monthly decline and clinging to the critical $60,000 support level. 📉

MT. Gox, the largest Bitcoin exchange ever, will return approximately $9 billion to creditors starting in early July 2024. This debt repayment has raised concerns about increased selling pressure in the market.

On-chain indicators suggest there may be more Bitcoin investors locking in profits at current prices, predicting that the market could peak.

However, things could change if the price breaks above the 50-4H EMA at $61,925. Let's comment and discuss this situation!#Bitcoin#CryptoNews"