Can $60K BTC price support hold? 5 things to know in Bitcoin this week

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Bitcoin is spooking sentiment with new six-week BTC price lows and no clear signs of a rebound.

Bitcoin kicks off the last week of June, heading for a range-low retest as BTC price action nears $60,000.Whether this holds or not is now the key question for the coming days, with the monthly close looming.

Bitcoin thus has its work cut out if a rebound is to set in before the monthly and quarterly close, with BTC/USD now down 7% in June so far. “Arrived at the golden pocket Fibonacci retracement level. If there’s bulls left that want to make this into a higher low then this is the spot,” he Matthew Dixon, founder and CEO of the crypto rating platform Evai, was among the crypto market observers who predicted that the Index would put the cat among the pigeons with a curveball reading.

 

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