It has been warned that if Bitcoin (BTC) finishes June below $56,500, it risks losing its overall uptrend. Trading source Material Indicators highlighted a critical line for Bitcoin bulls. BTC/USD hit its lowest levels since early May this week, and those old lows are now the focus in trading circles.

If the bears prevail, the 56.500$ level from seven weeks ago will form the base of a bottom zone that buyers will need to defend. Alan monitored order book liquidity and warned of possible “spoofing” in the coming days.

Order book data from Binance showed bid liquidity strengthening in a “staircase” pattern between the current spot price and 55.000$ . BTC/USD's daily RSI was 34.2 at the time of writing. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.#Bitcoin#BTC

What are you thinking? Do you think Bitcoin will lose its overall uptrend if it finishes June below $56,500? We are waiting your comments.