Bitcoin: June could make or break BTC – It all hin

Bitcoin: June could make or break BTC – It all hinges on THIS…June has historically been a positive month for Bitcoin [BTC], often bringing relief to traders after a choppy spring.

However, this year, signs of market stress are emerging as long-term holders begin to offload, putting key support zones to the test, even after a two-week downtrend.

While historical trends suggest upside potential, the market now stands at a critical turning point.

The next move depends on buyer activity—if demand holds, Bitcoin may follow its seasonal trend, but if buyers hesitate, a deeper bearish setup could unfold.

Bitcoin’s recent pullback is testing the patience of long-term holders and the strength of key support zones.

According to Glassnode’s quantile cost basis model, the $103,700 level marks the 0.95 Spendable Supply Distribution (SSD), meaning that 95% of the circulating BTC was acquired at a price below this levelThis historically serves as a resilient floor. The next defense lies at $95,600, the 0.85 SSD mark.

If bearish pressure intensifies, these key price zones, which reflect the cost basis for most holders, could become crucial battlegrounds in Bitcoin’s fight to maintain its broader uptrend

Even as long-term holders add downward pressure, history suggests June often delivers a reprieve for Bitcoin.

With a median monthly return of +2.58%, the sixth month has been one of modest but consistent strength for the asset.

#Share Your Thoughts on Popular Assets in June#Check In to Win a 20g Gold Bar#Do you think EDGEN is promising?

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Bitcoin: June could make or break BTC – It all hin

Bitcoin: June could make or break BTC – It all hinges on THIS…June has historically been a positive month for Bitcoin [BTC], often bringing relief to traders after a choppy spring.

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