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Bitcoin: June could make or break BTC – It all hinges on THIS…
The Bitcoin (BTC) market is at a crossroads as the month of June gets underway. The outcome will determine whether the digital asset can continue its upward trajectory or succumb to further losses.
Long-term holders are dumping their coins, putting key support levels in jeopardy. The $103.7K and $95.6K levels have become crucial battlegrounds in determining the future of the market.
Bitcoin’s historical trends suggest a potential rebound ahead, as June has historically been a positive month for the asset. A median monthly return of +2.58% has consistently shown that Bitcoin tends to bounce back during this period.
While the current bearish pressure may seem daunting, historical patterns could still be on the side of Bitcoin if buyer confidence returns and macro conditions remain favorable.
Source: ambcrypto.com
