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Bitcoin Holds Near $65K as Whales Add 30K BTC, Eyeing $70K Breakout

Bitcoin has stabilized around $65,000 after plunging to a June 5 low of $59,791 amid hotter May CPI at 4.2% and $1.7 billion in ETF outflows. Renewed corporate buying by Strategy, returning positive ETF flows, and heavy whale accumulation of over 30,000 BTC in the past week have emerged as bullish signals by mid-June. Attention now turns to whether BTC can break the $70,000-$83,000 resistance zone to confirm a cycle bottom and target summer highs toward $100,000 by Q3.

Category

Bitcoin

Sentiment

Bullish

Event

Forecast

Reading time

1 min