Bitcoin shakes out weak hands... '90,000 dollar' breakthrough theory revived in June

▲ 비트코인(BTC), 달러(USD), 월가/AI 생성 이미지

Bitcoin (BTC) opened up the possibility of continued bullishness in June after defending the key structural line of $74,400 last week. However, an analysis suggested that there could be one more short-term drop to shake out weak buyers.

According to TheCryptoBasic on May 25 (local time), analyst Sykodelic evaluated that Bitcoin closed the week at $77,020 last week, remaining within the bullish support band. Bitcoin fell to $74,156 during the week but recovered after retesting the $74,400 structural pivot point. Sykodelic analyzed this movement as confirming a bullish structure on a higher-order timeframe.

The $74,400 range was presented as a key price level in this year's market structure. Bitcoin recorded an annual low of $74,400 in 2025, then fell to $60,000 amid continuous selling pressure early this year. Subsequently, it rebounded from the 2026 low, recaptured the 2025 low, and created a structural shift by rising to $82,800 earlier this month.

Sykodelic interpreted last week's decline as a retest of the $74,400 structural pivot point. He believes Bitcoin could make one more short drop this week. In this scenario, the price could fall to around $74,400 or slightly lower. However, this movement could be a liquidity hunt, shaking out weak buyers and attracting aggressive short bets.

The analysis placed weight on the possibility of the market quickly reversing upwards thereafter. Sykodelic predicted that if support holds, Bitcoin could create a stronger upward trend in June, potentially rising above $90,000. This represents an upside potential of over 16% from the $77,266 level. TheCryptoBasic also reported that this aligns with XWIN Research's forecast, which emphasized the importance of the $93,000 price range.

Market indicators also showed some signs of stability. The Relative Strength Index (RSI) held near the 50 midline, maintaining a trend above its moving average. The current reading is 46.15, suggesting there is still room for upward movement before entering the overbought zone. The MACD histogram also maintained bullish momentum, continuing to show green bars despite the recent short drop. However, recent 24-hour trading volume decreased by 13%, indicating market participation remained low.

Sykodelic presented the view that Bitcoin's macro bottom has already formed, and $60,000 is the bottom of this cycle. Bitcoin is at a critical juncture between the $74,400 support level and the $82,800 structural pivot high, which will determine whether its upward trend continues in June.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*