📊 Market Update | June 12, 2026$BTC
Hey everyone.
BTC is currently hovering around $64,000 and testing the resistance zone at $64,464. A bullish reversal pattern (Double Bottom) is forming in the medium term, but we absolutely need a confirmed daily close above the neckline at $63,525 for it to be technically validated.
The real question now: are we confirming the bullish breakout or are we facing a rejection to retest the major support at $60,777? This latter level is the technical floor we can't afford to lose to keep this recovery scenario valid.
On the Ethereum side, the compression is at its peak within a triangle on the daily view. The low RSI indicates significant upside potential, but ETH first needs to break through its major resistance at $1,692 to validate its reversal structure.
🎯 Key Levels:
BTC resistance: $63,525 → $64,464 → $65,730
BTC support: $60,777
ETH resistance: $1,692
ETH bullish targets: $1,791 → $1,834
Hey everyone.
BTC is currently hovering around $64,000 and testing the resistance zone at $64,464. A bullish reversal pattern (Double Bottom) is forming in the medium term, but we absolutely need a confirmed daily close above the neckline at $63,525 for it to be technically validated.
The real question now: are we confirming the bullish breakout or are we facing a rejection to retest the major support at $60,777? This latter level is the technical floor we can't afford to lose to keep this recovery scenario valid.
On the Ethereum side, the compression is at its peak within a triangle on the daily view. The low RSI indicates significant upside potential, but ETH first needs to break through its major resistance at $1,692 to validate its reversal structure.
🎯 Key Levels:
BTC resistance: $63,525 → $64,464 → $65,730
BTC support: $60,777
ETH resistance: $1,692
ETH bullish targets: $1,791 → $1,834