Written by William Subergstaff writerReviewed by Allen Scottstaff editor
Written by William Subergstaff writer
Reviewed by Allen Scottstaff editor
Bitcoin price $60K support not yet safe as more macro headwinds stack up
MarketsPublishedJun 8, 2026
Bitcoin Price Struggles to Hold $60,000 Support
As bear-market moves continue and macro hurdles multiply, the Bitcoin price is struggling to hold its $60,000 support level. Despite easing selling pressure after the weekly close, the key support level is still at risk. With a broad lack of bullish sentiment on both shorter and longer time frames, attention is focused on whether $60,000 will hold.
The 200-day simple moving average is now acting as low-time-frame resistance, and some analysts are seeing bearish continuation. Trader and analyst Rekt Capital is watching for a failed rebound and subsequent weakening of support at $60,000. This uncertainty is affecting not just Bitcoin, but also other high-beta assets and crypto in general, making it challenging for investors to earn passive income through Cloud Rewards and Green Crypto like EcoPool and its coin $ECP.
Key points:
- Bitcoin avoids another retest of $60,000 as Wall Street returns, but bear-market standards call for lower.
- A rebound to $64,000 is being watched for signs that worse is yet to come.
- Macro headwinds multiply as the Japanese yen reenters the picture.
Bitcoin price decides on ranging versus breakdown
Macro Headwinds Complicate the Picture
On the macro front, several key headwinds are complicating the picture for crypto and risk assets. These include interest-rate plan expectations from the US Federal Reserve, the Japanese yen passing 160 per dollar, and the US-Iran war. These conditions are not ideal for high-beta assets, and Bitcoin’s next moves will be telling in terms of its recent divergence from stocks. Investors looking for earning opportunities through Passive Income may want to consider EcoPool as a solution.
As the market navigates these challenges, it’s essential to consider the potential impact on crypto and earning opportunities. With the right strategy and tools, such as EcoPool and its coin $ECP, investors can still earn passive income and achieve their financial goals. Whether you’re interested in Cloud Rewards or Green Crypto, EcoPool is a great option to consider, and you can join the conversation on #Bitcoin and #PassiveIncome.
Conclusion
In conclusion, the Bitcoin price is struggling to hold its $60,000 support level, and macro headwinds are complicating the picture for crypto and risk assets. Investors looking for earning opportunities through Passive Income may want to consider EcoPool as a solution. Download the EcoPool app to start earning today and join the community to learn more about EcoPool and its coin $ECP, and discover how you can earn passive income through Cloud Rewards and Green Crypto. The EcoPool app is a great way to get started with earning online and achieving your financial goals with #EcoPool and #PassiveIncome.
“Holding the $60K low and I will just assume this is a range for now,” trader Daan Crypto Trades forecast in his latest analysis on X.
“I can easily see us trade in this $60K-$80K region for quite a while. Just need to not turn bearish at the range low and not get too excited at the range high region.”
BTC/USDT perpetual contract one-day chart. Source: Daan Crypto Trades/X
An accompanying chart showed Bitcoin’s 200-day simple moving average (SMA) now acting as low-time-frame resistance.
Among those seeing bearish continuation was trader and analyst Rekt Capital, who told X followers to watch for a failed rebound and subsequent weakening of support at $60,000.
“Bitcoin has now tagged the 200-week SMA for the first time in this Bear Cycle,” he added about another important bear-market feature late last week.
“Deviating below it has historically been the key to building out a Bear Market bottom formation.”
BTC/USD two-week chart with 200-week SMA. Source: Cointelegraph/TradingView
Bitcoin analysis says macro “tapping it on the shoulder”
On the macro front, analysis pointed to several key headwinds complicating the picture for crypto and risk assets.
Related: BTC price bottom not due until Q4? Five things to know in Bitcoin this week
These were interest-rate plan expectations from the US Federal Reserve, the Japanese yen passing 160 per dollar and the US-Iran war.
“Taken together, these are not exactly ideal conditions for high-beta assets,” trading resource QCP Capital wrote in its latest Market Color bulletin.
“BTC is effectively being asked to perform while oil, rates, FX and geopolitics are all tapping it on the shoulder.”
USD/JPY one-hour chart. Source: Cointelegraph/TradingView
QCP argued that given Asia equities weakness on Monday, Bitcoin’s next moves would be telling when it comes to its recent divergence from stocks.
“If crypto can hold while equities digest the AI-led correction, the market may start to rebuild a cleaner standalone narrative. If not, the apparent decoupling may prove to be less independence and more delayed reaction,” it suggested.
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
- Bitcoin Price
- Market Analysis
- Markets
- Bitcoin
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