Bitcoin is at a technical crossroads after a sharp, market-wide selloff pushed prices toward a key support zone. Two analysts cited by NewsBTC frame the near-term as a test of whether demand shows up at the same levels traders have been watching, or whether the move turns into another liquidity-driven leg lower.
June starts with weaker structure
Lennaert Snyder flagged that BTC began June by breaking below the previous month’s low. In his view, that early loss of support weakens the near-term technical picture and makes a move toward the prior monthly high near $82,800 less likely.
Snyder also pointed out that “monthly clearout candles” are relatively rare. That matters because it lowers the odds of a quick reclaim of higher levels in the short term, even if bearish momentum starts to cool.
Instead, Snyder says attention should shift to a major support zone that could shape the rest of the month. He links the increased volatility to the fact that the selloff left “considerable liquidity” behind, which often turns support tests into choppy ranges rather than smooth trend moves. His expectation is consolidation, occasional relief rallies, and a bigger role for intraday swings.
The $60,000 line in the sand
Kamile Uray’s focus is more immediate. He says Bitcoin fell sharply alongside broader financial markets, bringing BTC back to the closely watched $60,000 support zone.
Uray argues that this level has been treated as major support for a while. A stronger buyer response here could trigger a corrective rebound after the selloff.
On momentum, Uray notes RSI remains in oversold territory on both the daily and 4-hour timeframes. Oversold conditions, in his framing, suggest bearish momentum may be weakening and that a short-term recovery is more plausible.
He also cites price structure as a tell. Long lower wicks on recent candles would signal demand appearing at current prices, which is the kind of confirmation traders look for when support is on trial.
Levels to watch, if volatility hits
Uray lists several levels that define the shape of the next move. If Bitcoin rebounds, the first resistance sits around $67,500. Above that, he points to the more significant $74,000–$75,000 zone.
But he’s specific about the condition that keeps the downside risk alive. Risk of further downside remains until Bitcoin can establish sustained strength above $74,569.
For a breakdown scenario, Uray says a decisive break below $60,000 could expose BTC to deeper declines toward the $55,000–$50,000 region.
He also maps upside barriers. If momentum improves, key resistance levels are $74,569, $82,885, $98,000, and the $107,000–$109,000 range, which he expects to act as a major barrier.
What the “liquidity left behind” implies
Snyder’s liquidity angle matters for how traders might experience the market, not just where prices might go next. He expects choppy price action because the selloff reportedly left “considerable liquidity.” In markets like this, that often means overshoots and quick reversals around support and resistance instead of a clean one-direction move.
And NewsBTC relays a further warning from Snyder. He says another sharp downside sweep could trigger additional long liquidations, which would create fresh volatility. That does not guarantee opportunity for any participant. It does, however, explain why the support test near $60,000 could come with sudden spikes rather than a slow grind.
Key levels from NewsBTC analysts
| Analyst | Key support | First resistance | Higher resistance / barrier | Condition to reduce downside risk |
|---|---|---|---|---|
| Lennaert Snyder | Major support zone shaping June (context from monthly breakdown) | Prior monthly high near $82,800 noted as less likely | — | Loss of previous month’s low weakens near-term outlook |
| Kamile Uray | $60,000 line of defense | ~$67,500 | $74,000–$75,000, then $82,885, $98,000, and $107,000–$109,000 | Sustained strength above $74,569 |
The common thread across both takes is simple. June’s technical structure looks weaker after the monthly low break. Now BTC needs to prove that the current support zone can absorb selling. If it can, choppy consolidation and relief bounces are the more likely near-term story. If it can’t, Uray’s breakdown map points to a deeper move.