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Bitcoin: Hits $61K on 200-Week MA Support | Flash News Detail | Blockchain.News
Latest Update
6/8/2026 5:00:00 PM

Bitcoin: Hits $61K on 200-Week MA Support

Bitcoin: Hits $61K on 200-Week MA Support

Bitcoin: $61K test of 200-week MA triggers altcoin outperformance as dominance slips, with 4h chart showing neutral RSI at 51.25 near $63439.

Source

Analysis

Bitcoin just hit $61K while altcoins held firm, breaking the usual pattern where they drop twice as hard during BTC drawdowns.

The move landed exactly on the 200-week moving average, the same floor that caught lows in 2013, 2015, 2018 and 2020, with daily RSI near 19, the lowest since the Feb 2026 crash. Strategy’s sale of 32 BTC for its STRC dividend acted as the spark, though the real shift is falling BTC dominance and triple-digit gains in select altcoins. On the 4h chart, price at $63439.09 sits inside the Bollinger Bands with upper resistance at $64271.78; the neutral RSI(14) of 51.25 and MACD golden cross at -360.58 point to a probable retracement toward EMA50 support at $65220.34 before any continuation. This decoupling suggests the market may already be rotating into an altcoin phase rather than a pure BTC price prediction continuation. Traders watching for crypto market crash signals now focus on whether dominance keeps sliding or reclaims ground.


Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast