Analyst warns BTC could drop further after worst June since 2022
CoinTelegraph·
60-second summary
Analysts warn that Bitcoin could drop further after experiencing its worst June since 2022, with the June close above the realized price but below the 200-week moving average signaling a potential bear bottom still ahead, echoing prior cycles, and indicating a possible prolonged downtrend, which could weigh on the overall crypto market sentiment and prices.
The June close above realized price but below the 200-week moving average “signals the bear bottom is still ahead per prior cycles,” one analyst said.