Fri, 05 Jun 2026 07:19:01 GMT
BTC/USD Technical Analysis
As recently observed, BTC/USD is continuing to experience strong bearish momentum after a decisive breakdown below the 20-period SMA, which has now sloped downward to confirm short-to-medium-term seller control. Price action is actively testing a critical psychological floor around 61,415.0, with major horizontal support looming just below at 59,685.0 and previous support at 62,930.0 now flipping into immediate overhead resistance.