Bitcoin's June close above the realized price but below the 200-week moving average is seen as a bearish signal. An analyst warns this pattern indicates the bear market bottom is still ahead, echoing the worst June performance since 2022.
June Close Signals Bear Bottom Still Ahead
According to analyst warnings, Bitcoin's June close settled above the realized price but remained below the 200-week moving average. This combination is interpreted as a signal that "the bear bottom is still ahead per prior cycles," one analyst said. June also marked Bitcoin's worst monthly performance since 2022, reinforcing concerns over further downside.
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