📊 Flash Point | Wednesday, June 24, 2026 (07:50 AM)
This morning, the crypto map is turning red. By breaking its trend line, Bitcoin has slipped down to around $62,500. It's a consolidation phase.
📰 Key Macro and Crypto News
The cold snap is primarily due to macroeconomic factors. Bank of America now anticipates three rate hikes this year due to persistent inflation under Kevin Warsh. Naturally, this outlook weighs on risk assets. The direct consequence: trading volumes are dwindling, and fees on DEX have plunged by 50%, a clear sign of decreased activity.
Fortunately, geopolitics is easing up a bit. The US Treasury has suspended its sanctions against Iran for 60 days, allowing a record transit of 19 million barrels through the Strait of Hormuz. It's precarious, but oil is flowing normally.
Finally, regarding regulation, Ripple is scoring valuable points by obtaining its preliminary MiCA approval in Luxembourg. As for the 49% drop in BTC since its peak, Galaxy Research wisely reminds us that this is a classic bear market purge, necessary to clean up leverage excesses.
📉 Technical Analysis: A War of Attrition
Graphically, Bitcoin has landed right on its support at $62,231, just above the ultimate defense at $60,077. It's a genuine psychological battle: the Bulls are defending a Double Bottom reversal, while the Bears are pushing to validate a Bear Flag. In the meantime, the Bollinger Bands are tightening significantly. The more it compresses, the more explosive the breakout will be. The pivot point remains set at $66,280 to pave the way towards $72,000. With summer kicking off, activity is likely to stagnate: no bull run before the end of 2026.
On its part, Ethereum is mimicking Bitcoin. Stuck below its moving averages, ETH is clinging to $1,646. Its Cup and Handle structure is clean but remains threatened by the same bearish flag. It will need to break the resistance of $$BTC at $1,798 to hope for a rally to $2,028.
This morning, the crypto map is turning red. By breaking its trend line, Bitcoin has slipped down to around $62,500. It's a consolidation phase.
📰 Key Macro and Crypto News
The cold snap is primarily due to macroeconomic factors. Bank of America now anticipates three rate hikes this year due to persistent inflation under Kevin Warsh. Naturally, this outlook weighs on risk assets. The direct consequence: trading volumes are dwindling, and fees on DEX have plunged by 50%, a clear sign of decreased activity.
Fortunately, geopolitics is easing up a bit. The US Treasury has suspended its sanctions against Iran for 60 days, allowing a record transit of 19 million barrels through the Strait of Hormuz. It's precarious, but oil is flowing normally.
Finally, regarding regulation, Ripple is scoring valuable points by obtaining its preliminary MiCA approval in Luxembourg. As for the 49% drop in BTC since its peak, Galaxy Research wisely reminds us that this is a classic bear market purge, necessary to clean up leverage excesses.
📉 Technical Analysis: A War of Attrition
Graphically, Bitcoin has landed right on its support at $62,231, just above the ultimate defense at $60,077. It's a genuine psychological battle: the Bulls are defending a Double Bottom reversal, while the Bears are pushing to validate a Bear Flag. In the meantime, the Bollinger Bands are tightening significantly. The more it compresses, the more explosive the breakout will be. The pivot point remains set at $66,280 to pave the way towards $72,000. With summer kicking off, activity is likely to stagnate: no bull run before the end of 2026.
On its part, Ethereum is mimicking Bitcoin. Stuck below its moving averages, ETH is clinging to $1,646. Its Cup and Handle structure is clean but remains threatened by the same bearish flag. It will need to break the resistance of $$BTC at $1,798 to hope for a rally to $2,028.