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Bitcoin bulls' fate rests on $60K support as crypto erases $2T in market cap
Bitcoin (BTC) returned below $64,000 after Thursday’s Wall Street open as bulls nursed 13.5% weekly losses. Data from TradingView showed BTC price strength barely recovering after a slide to its lowest levels since early February. chart BTC/USD revisited its 200-week simple moving average (SMA) trend line at the lows, continuing to copy “classic” bear-market behavior from 2022. “Continuation down after that bearish retest in the low $80Ks region,” trader Daan Crypto Trades wrote in a summary of the status quo on X. Daan Crypto Trades said that the focus was now on $60,000 and its ability to sustain as ... (full story)
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From cointelegraph.com | Jun 4, 2026
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