{"id":429964,"date":"2026-06-09T00:19:48","date_gmt":"2026-06-08T18:49:48","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-takes-pressure-off-60000-as-bear-market-roadmap-continues-crypto-news\/"},"modified":"2026-06-09T00:50:19","modified_gmt":"2026-06-08T19:20:19","slug":"bitcoin-takes-pressure-off-60000-as-bear-market-roadmap-continues-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-takes-pressure-off-60000-as-bear-market-roadmap-continues-crypto-news\/","title":{"rendered":"Bitcoin Takes Pressure Off $60,000 as Bear Market Roadmap Continues &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-testid=\"post__body\">\n<p>Bitcoin (BTC) approached intraday highs ahead of Monday\u2019s Wall Street open, with $60,000 holding as key support.<\/p>\n<p><strong>Key points:<\/strong><\/p>\n<ul class=\"list-bullet\">\n<li class=\"\" style=\"\" value=\"1\">Bitcoin avoids another retest of $60,000 as Wall Street returns, but bear-market standards call for lower.<\/li>\n<li class=\"\" style=\"\" value=\"2\">A rebound to $64,000 is being watched for signs that worse is yet to come.<\/li>\n<li class=\"\" style=\"\" value=\"3\">Macro headwinds multiply as the Japanese yen reenters the picture.<\/li>\n<\/ul>\n<h2>Bitcoin price decides on ranging versus breakdown<\/h2>\n<p>Data from TradingView showed BTC price selling pressure easing after the weekly close \u2014 Bitcoin\u2019s lowest since October 2024.<\/p>\n<figure><\/figure>\n<p style=\"text-align: center;\"><em>BTC\/USD one-hour chart. Source: Cointelegraph\/<\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow noopener\" target=\"_blank\"><em>TradingView<\/em><\/a><\/p>\n<p>Attention focused on the $60,000 mark amid a broad lack of bullish sentiment on both shorter and longer time frames.<\/p>\n<p>\u201cHolding the $60K low and I will just assume this is a range for now,\u201d trader Daan Crypto Trades forecast in his <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/DaanCrypto\/status\/2063936126658715870\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">latest analysis<\/span><\/a> on X.\u00a0<\/p>\n<blockquote><p>\u201cI can easily see us trade in this $60K-$80K region for quite a while. Just need to not turn bearish at the range low and not get too excited at the range high region.\u201d<\/p><\/blockquote>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hkssqecxkaaypyf.jpeg\" width=\"896\" height=\"590\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hkssqecxkaaypyf.jpeg\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>BTC\/USDT perpetual contract one-day chart. Source: Daan Crypto Trades\/X<\/em><\/p>\n<p>An accompanying chart showed Bitcoin\u2019s 200-day simple moving average (SMA) now acting as low-time-frame resistance.<\/p>\n<p>Among those seeing bearish continuation was trader and analyst Rekt Capital, who <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/rektcapital\/status\/2063948974004826318\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">told<\/span><\/a> X followers to watch for a failed rebound and subsequent weakening of support at $60,000.<\/p>\n<p>\u201cBitcoin has now tagged the 200-week SMA for the first time in this Bear Cycle,\u201d he <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/rektcapital\/status\/2062482325372391556\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">added<\/span><\/a> about another <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-price-just-tagged-200-week-trend-line-that-defined-2022-bear-market\"><span style=\"text-decoration: underline;\">important bear-market feature<\/span><\/a> late last week.\u00a0<\/p>\n<blockquote><p>\u201cDeviating below it has historically been the key to building out a Bear Market bottom formation.\u201d<\/p><\/blockquote>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/btcusd2026-06-0815-43-17.png\" width=\"896\" height=\"646\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/btcusd2026-06-0815-43-17.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>BTC\/USD two-week chart with 200-week SMA. Source: Cointelegraph\/TradingView<\/em><\/p>\n<h2>Bitcoin analysis says macro &#8220;tapping it on the shoulder&#8221;<\/h2>\n<p>On the macro front, analysis pointed to several key headwinds complicating the picture for crypto and risk assets.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/btc-price-bottom-not-due-until-q4-five-things-to-know-in-bitcoin-this-week\"><span style=\"text-decoration: underline;\"><em><strong>BTC price bottom not due until Q4? Five things to know in Bitcoin this week<\/strong><\/em><\/span><\/a><\/p>\n<p>These were interest-rate plan expectations from the US Federal Reserve, the Japanese yen passing 160 per dollar and the US-Iran war.<\/p>\n<p>\u201cTaken together, these are not exactly ideal conditions for high-beta assets,\u201d trading resource QCP Capital wrote in its latest <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.qcpgroup.com\/insights\/qcp-market-colour-23\/\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">Market Color<\/span><\/a> bulletin.<\/p>\n<blockquote><p>\u201cBTC is effectively being asked to perform while oil, rates, FX and geopolitics are all tapping it on the shoulder.\u201d<\/p><\/blockquote>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/usdjpy2026-06-0815-41-13.png\" width=\"896\" height=\"646\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/usdjpy2026-06-0815-41-13.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>USD\/JPY one-hour chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<p>QCP argued that given Asia equities weakness on Monday, Bitcoin\u2019s next moves would be telling when it comes to its <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/crypto-extreme-fear-worst-in-two-months-as-analysis-sees-bitcoin-price-rebound\"><span style=\"text-decoration: underline;\">recent divergence<\/span><\/a> from stocks.<\/p>\n<p>\u201cIf crypto can hold while equities digest the AI-led correction, the market may start to rebuild a cleaner standalone narrative. If not, the apparent decoupling may prove to be less independence and more delayed reaction,\u201d it suggested.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) approached intraday highs ahead of Monday\u2019s Wall Street open, with $60,000 holding as key support. Key points: Bitcoin avoids another retest of $60,000 as Wall Street returns, but bear-market standards call for lower. A rebound to $64,000 is being watched for signs that worse is yet to come. Macro headwinds multiply as the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":429970,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-429964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=429964"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429964\/revisions"}],"predecessor-version":[{"id":429974,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429964\/revisions\/429974"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/429970"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=429964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=429964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=429964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}