Bitcoin Tests $60,000 as Rekt Capital Predicts Further Downside, Warns of 2022-Like Pattern

BTC-0.47%
According to analyst Rekt Capital, Bitcoin is testing the $60,000 level today as traders assess whether further declines may follow. Rekt Capital expects BTC to close June below the 50-month EMA (Exponential Moving Average), a long-term support line, which would turn it into resistance for July with a likely rejection in August. The analyst noted that this cycle has mirrored 2022 tendencies closely. BTC is currently trading at $60,218, up 0.34% in the last 24 hours.
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