Bitcoin Holds Near $65K as Bear-Flag Warning Keeps $60K In Focus
Bitcoin is trying to stabilize near $65,000 after another difficult stretch for the market, but the latest rebound has not fully changed the tone. BTC traded near $64,700 on June 22, with price recovering from an intraday low around $63,200. The bounce comes as analysts continue to warn that Bitcoin’s broader structure still looks fragile, especially if sellers push the price back below the $63,000 to $64,000 area. Options activity also shows traders are still buying downside protection, which means the market is not treating this move as a clean bullish reversal yet. On the daily chart, BTC needs to reclaim the $66,000 area first. If it fails and loses $60,000 later, the bearish targets around $56,000 and $54,000 become harder to dismiss.
