$BTC will close lower today with lower high and lower low of 61500. 60k support is the final support.
If BTC breaches it before the end of the week, BTC is going down to 55k. I expect tomorrows high to be limited to 62200 at best unless a catalyst gives us a pump to break through the resistance at 62600. I dont advise anyone to enter shorts or longs. Stocks also closed lower today. Market sentiment is neutral and approaching fear.
The 1 upside to bitcoin would only be possible following the end of the month Fed decision on whether a rate cut will happen or not. I suspect they will be forced to announce cuts at the end of june as the 2 year yield is starting to roll over. But thats still a long way away, and if no other bullish catalyst pumps the market BTC is very likely going to see 50k before a real rebound.
What i dont understand however, is how BTC specifically is depreciating when multiple companies have acquired BTC as part of their portfolio and whales have accumulated 60000
Bitcoins in the last 2 days alone. The market is just to confusing at the moment to make any real understandable predictions. We can only take this day by day now.