
Bitcoin Plunges to Fresh Yearly Low- BTC/USD Testing Major Technical Support 6 30 2026
Bitcoin plummeted more than 30% off the May highs with price falling seven-of-the-past-eight weeks. BTC/USD is now testing the largest support zone of the year.
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Bitcoin plummeted more than 30% off the May highs with price falling seven-of-the-past-eight weeks. BTC/USD is now testing the largest support zone of the year.

Bitcoin plummeted for a fourth consecutive week with a break of the multi-year uptrend approaching pivotal support. Battle lines drawn on the BTC/USD technical charts.

Bitcoin’s rally above key averages failed to lift sentiment, as volume, RSI, and higher timeframe patterns continue to point to bearish momentum.

Volume and momentum suggest Bitcoin bears are pressing shorts near key support, but failure to break lower risks a sharp short squeeze rebound.

Over the past five trading sessions, Bitcoin's price has fluctuated less than 2%, reflecting a persistent state of neutrality in the short term, with a clear lack of direction in the market.

Over the past two trading sessions, Bitcoin has risen by just over 4% and is now trading very close to the $110,000 mark per BTC.
As Trump’s tax bill nears a House vote, Bitcoin leads the charge against rising debt and falling confidence.
Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities & stocks into the weekly open.
USDJPY, Bitcoin Outlook: In line with the broader market sentiment between US indices and the US Dollar, USDJPY continues to sustain its bullish rebound, testing the 151-resistance, while Bitcoin approaches the 89,000-resistance level. With April tariff risks looming, can these uptrends hold their ground?
USD/CAD, Bitcoin Forecast: The Bank of Canada (BOC) faces a critical rate decision today amid tariff and inflation threats from the U.S., weakening the Canadian dollar and dampening risk appetite across U.S. indices and Bitcoin.
EURUSD, Bitcoin Outlook: Following the EU and UK’s defense support for Ukraine amid Trump-Zelensky tensions and Trump’s announcement of a strategic crypto reserve, EUR/USD has remained above 1.0360, while Bitcoin surged past 92,000.
GBPUSD, Bitcoin Analysis: Trade war risks continue to threaten market stability, keeping the DXY above 106 against major currencies and reducing overall market confidence across indices and cryptocurrencies.
A rise of short bets against bitcoin futures has dragged net-long exposure of asset managers down to a 14-month low last week, according to data from the weekly COT report (commitment of traders).
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