Bitcoin: June Drawdown Linked to Liquidity Squeeze

Bitcoin June drawdown reflected tighter liquidity, hawkish Fed repricing, AI industry impact and weakening institutional demand according to the Bitwise Europe report published July 1.

Price action now sits at $64321.39 inside Bollinger Bands with upper resistance at $65234.72 and lower support at $63018.98. The 4h structure remains bearish as price trades below EMA50 at $64411.69 yet above EMA200 at $63918.35, while RSI at 50.97 stays neutral and MACD registers a bullish golden cross at -138.86.

Traders watching BTC price prediction models note that a test of the upper band could trigger a healthy retracement toward the 50-EMA before any continuation, especially amid ongoing crypto market crash concerns from last year’s liquidity shocks.