Bitcoin

Rekt

Bitcoin (BTC) approached intraday highs ahead of Monday’s Wall Street open, with $60,000 holding as key support.
Key points:
<ul>
 <li>Bitcoin avoids another retest of $60,000 as Wall Street returns, but bear-market standards call for lower.</li>
 <li>A rebound to $64,000 is being watched for signs that worse is yet to come.</li>
 <li>Macro headwinds multiply as the Japanese yen reenters the picture.</li>
</ul>
<h2 id="bitcoin-price-decides-on-ranging-versus-breakdown">Bitcoin price decides on ranging versus breakdown</h2>
Data from TradingView showed BTC price selling pressure easing after the weekly close — Bitcoin’s lowest since October 2024.<img alt="Bitcoin price $60K support not yet safe as more macro headwinds stack up " height="818" src="https://s3-images.ctmedia.io/media/content/btcusd2026-06-0815-45-07.png" width="1134">
BTC/USD one-hour chart. Source: Cointelegraph/<a href="https://www.tradingview.com/symbols/BTCUSD/" rel="noopener noreferrer nofollow">TradingView</a>
 Attention focused on the $60,000 mark amid a broad lack of bullish sentiment on both shorter and longer time frames.
“Holding the $60K low and I will just assume this is a range for now,” trader Daan Crypto Trades forecast in his <a href="https://x.com/DaanCrypto/status/2063936126658715870" rel="noopener noreferrer nofollow">latest analysis</a> on X.&nbsp;
<blockquote>
 “I 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.”
</blockquote><img alt="Bitcoin price $60K support not yet safe as more macro headwinds stack up " height="920" src="https://s3-images.ctmedia.io/media/content/hkssqecxkaaypyf.jpeg" width="1398">
BTC/USDT perpetual contract one-day chart. Source: Daan Crypto Trades/X
 An accompanying chart showed Bitcoin’s 200-day simple moving average (SMA) now acting as low-time-frame resistance.
Among those seeing bearish continuation was trader and analyst Rekt Capital, who <a href="https://x.com/rektcapital/status/2063948974004826318" rel="noopener noreferrer nofollow">told</a> X followers to watch for a failed rebound and subsequent weakening of support at $60,000.
“Bitcoin has now tagged the 200-week SMA for the first time in this Bear Cycle,” he <a href="https://x.com/rektcapital/status/2062482325372391556" rel="noopener noreferrer nofollow">added</a> about another <a href="https://cointelegraph.com/markets/bitcoin-price-just-tagged-200-week-trend-line-that-defined-2022-bear-market" rel="noopener noreferrer nofollow">important bear-market feature</a> late last week.&nbsp;
<blockquote>
 “Deviating below it has historically been the key to building out a Bear Market bottom formation.”
</blockquote><img alt="Bitcoin price $60K support not yet safe as more macro headwinds stack up " height="818" src="https://s3-images.ctmedia.io/media/content/btcusd2026-06-0815-43-17.png" width="1134">
BTC/USD two-week chart with 200-week SMA. Source: Cointelegraph/TradingView
<h2 id="bitcoin-analysis-says-macro-tapping-it-on-the-shoulder">Bitcoin analysis says macro "tapping it on the shoulder"</h2>
On the macro front, analysis pointed to several key headwinds complicating the picture for crypto and risk assets.
Related: <a href="https://cointelegraph.com/markets/btc-price-bottom-not-due-until-q4-five-things-to-know-in-bitcoin-this-week" rel="noopener noreferrer nofollow">BTC price bottom not due until Q4? Five things to know in Bitcoin this week</a>
These were interest-rate plan expectations from the US Federal Reserve, the Japanese yen passing 160 per dollar and the US-Iran war.
“Taken together, these are not exactly ideal conditions for high-beta assets,” trading resource QCP Capital wrote in its latest <a href="https://www.qcpgroup.com/insights/qcp-market-colour-23/" rel="noopener noreferrer nofollow">Market Color</a> bulletin.
<blockquote>
 “BTC is effectively being asked to perform while oil, rates, FX and geopolitics are all tapping it on the shoulder.”
</blockquote><img alt="Bitcoin price $60K support not yet safe as more macro headwinds stack up " height="818" src="https://s3-images.ctmedia.io/media/content/usdjpy2026-06-0815-41-13.png" width="1134">
USD/JPY one-hour chart. Source: Cointelegraph/TradingView
 QCP argued that given Asia equities weakness on Monday, Bitcoin’s next moves would be telling when it comes to its <a href="https://cointelegraph.com/markets/crypto-extreme-fear-worst-in-two-months-as-analysis-sees-bitcoin-price-rebound" rel="noopener noreferrer nofollow">recent divergence</a> from stocks.
“If 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,” it suggested.

Bitcoin price $60K support not yet safe as more macro headwinds stack up

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