Rally

Bitcoin

<p>The Bitcoin price is still rallying, having climbed above the major horizontal resistance at $66K. Can the bulls hold onto these gains and push this rally higher, or is this just temporary relief before this bear market resumes once again?</p>
<h2 id="usdt-dominance-about-to-signal-end-to-the-rally">USDT Dominance about to signal end to the rally</h2>
<p>Source: <a href="https://www.tradingview.com/x/LFQ1vckI/" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>Before looking at the <a href="https://coinstats.app/coins/bitcoin/" rel="noopener noreferrer nofollow">$BTC price</a>, it is a good idea to have a look at USDT Dominance. The higher USDT Dominance goes, the more money is sidelined rather than going into Bitcoin. This is predominantly the case in a bear market.&nbsp;</p>
<p>The above daily chart shows that USDT Dominance is having its own bull market. A breakout of the long-time descending triangle was significant, and the couple of bull flags since then have propelled the USDT Dominance almost back to the highs. Currently, USDT Dominance is testing and perhaps confirming the support at 8.2%. If it goes higher, <a href="https://coinstats.app/coins/bitcoin/" rel="noopener noreferrer nofollow">$BTC</a> probably descends back into the bear market, or if it falls through the support, <a href="https://coinstats.app/coins/bitcoin/" rel="noopener noreferrer nofollow">$BTC</a> continues to rally.</p>
<h2 id="bear-pennant-becomes-bear-flag">Bear pennant becomes bear flag?</h2>
<p>Source: <a href="https://www.tradingview.com/x/yhO3ykVn/" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>The short-term time frame for the <a href="https://coinstats.app/coins/bitcoin/" rel="noopener noreferrer nofollow">$BTC price</a> reveals how <a href="https://cryptodaily.co.uk/2026/06/btc-hits-major-66k-resistance-bulls-fightback-or-sharp-rejection-ahead-june-2026" rel="noopener noreferrer nofollow">the bear pennant bullishly broke to the upside</a>, taking the price as far as $67,200. However, could it be that the bear pennant was only the first part of a bear flag? The price action throughout the rest of Tuesday is likely to confirm the presence of this bear flag.</p>
<p>It just seems that whenever the <a href="https://coinstats.app/coins/bitcoin/" rel="noopener noreferrer nofollow">$BTC price</a> goes on a rally, a bearish structure begins to form that eventually brings the price back down. The full measured move out of this potential bear flag would bring the price down to within a whisker of a retest of the bear market trendline. It would make perfect sense for this to happen, and would take the price down to the low $50K area.</p>
<h2 id="btc-price-approaches-breakdown-continuation-point">$BTC price approaches breakdown/continuation point</h2>
<p>Source: <a href="https://www.tradingview.com/x/yC5Qwm74/" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>The daily chart adds a bit more clarity to the picture. The <a href="https://coinstats.app/coins/bitcoin/" rel="noopener noreferrer nofollow">$BTC price</a> can be seen climbing up inside the flag. If the price continues to rise, it may come up against the descending trendline, where a breakout or rejection might have a big say in whether the rally continues or breaks down.</p>
<p>At the bottom of the chart, first the Stochastic RSI indicators look as though they are about to roll over, and then the RSI tells us that the rally continues as long as the indicator line stays above the ascending trendline.</p>
<h2 id="a-continuation-of-the-bear-market-into-q4">A continuation of the bear market into Q4</h2>
<p>Source: <a href="https://www.tradingview.com/x/xMPbMcZr/" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>If it were not for <a href="https://cryptodaily.co.uk/2026/06/warning-bitcoin-plunge-to-60k-incoming-then-fresh-lows-ahead" rel="noopener noreferrer nofollow">the time aspect</a> of this bear market; that is it still has around another 4 months before it would potentially end, a bottom at this point looks very feasible indeed. Be that as it may, the current bear flag suggests that there is still some downside to come.&nbsp;</p>
<p>The Stochastic RSI indicators in this high time frame are still coming down, and the RSI indicator at the bottom of the chart would need to pierce through the descending trendline before a bull market could get started.</p>
<p>Therefore, the probabilities are still for a continuation of the bear market, albeit not for too much longer. One last correction down to test and confirm the bear market trendline could be the signal of the start of the new bull market. <a href="https://cryptodaily.co.uk/2026/06/btc-hits-major-66k-resistance-bulls-fightback-or-sharp-rejection-ahead-june-2026" rel="noopener noreferrer nofollow">We could also witness some chopping around sideways into the final quarter of the year</a>, but once the Stochastic RSI and the RSI signal a bottom, that could well be it.&nbsp;</p>
<p>Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p>

BTC Holds Firm Above $66K: Sustainable Rally or Temporary Relief? (June 2026)

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