Bitcoin: June Support Wall Draining Fast

Bitcoin support wall built during June is steadily draining, leaving thinner bids that could amplify downside moves if selling pressure arrives.

Price at $63109.97 sits below both EMA50 at $63716.13 and EMA200 at $63691.25, confirming the bearish trend structure while RSI(14) at 40.51 stays neutral and MACD prints a bullish golden cross at -266.52; with price inside the Bollinger Bands, any test of upper resistance near $63805.64 risks a swift retracement toward lower support at $62717.07 before continuation. BTC price prediction models now factor in reduced order-book depth, crypto market crash scenarios gain attention from liquidity gaps, and AI industry impact on trading algorithms may accelerate the next leg lower.