Jun 11, 2026
6 0
BEARISH 📉 : Bitcoin drops 8% and tests $60k support as CZ reassures
Bitcoin logs weakest weekly close since H2 2024. Down over 8% in seven days. $60k support still holds.
Weekly RSI shows higher lows while price makes lower lows. This divergence last showed up before the 2022 bottom rebound. See the setup on TradingView.
CZ stepped in on Monday. “Bitcoin won’t be ‘dead’ for too long. Don’t panic,” he wrote on X, as sentiment hit lows.
Key levels traders track:
- Support at $60,000. Rejected multiple tests
- Resistance at $65,000–$66,200
- Heavier supply at $67,000–$77,000
- Below $60,000 opens $53,000–$55,000 per charting consensus
Bitcoin traded below $62,000 intraday before bouncing. The broader market slid to early‑2026 levels. The $60k line is the focus into next sessions.
