Bitcoin Traders Eye Fresh Lows Below $60K as Bearish Pressure Lingers

As of June 19, Bitcoin remains under pressure near $63,000 with traders anticipating a potential sweep of June lows below $59,000. The decline began with a break below $60,000 on June 5 that tested the 200-week SMA near $61,800, followed by repeated failures to reclaim $64,300-$65,000 resistance. A brief rebound above $63,000 on June 12 gave way to renewed selling after hawkish comments from Fed Chair Warsh and strong jobs data on June 18 triggered a risk-off move. While bear-flag patterns and ETF outflows keep the near-term bias negative, reduced exchange inflows from mid-sized holders suggest selling pressure may be easing.