Bitcoin technical outlook
From a technical perspective, Bitcoin is testing one of its most important support zones of 2026.
The retest of the February low has increased market focus on whether buyers can defend the $60,000 area. A successful defence would reinforce the broader long-term uptrend and could provide the foundation for a recovery once ETF flows stabilise.
Bitcoin bullish case:
While Bitcoin remains above its current June low at $59,110.90, a gradual recovery may ensue. Resistance between the late February lows at $62.527.40-to-$63,046.65 is currently being tested but the next higher March-to-early April lows at $64,960.67-to-$65,692.29 will need to be exceeded for further upside to become probable.
Only then could the May-to-June resistance line around $69,450.00 be reached.
Bitcoin bearish case:
Were the current June low at $59,110.90 to give way on a daily chart closing basis, the September 2024 high and October 2024 trough at $66,524.45-to-$65,153.38 would be in focus. Failure there may lead to the October 2024 low at $58,890.48 being retested.
Short-term outlook: neutral with a short-term bullish bias while above the 5 June low at $59,110.90
Medium-term outlook: bearish while below the 2 June high at $71,336.70