Analysis: Bitcoin price stabilizes, but it is unlikely to hit a new high before July

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ODAILY
06-21
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Planet Daily News: Analysis indicates that Bitcoin has rebounded by 10% since June 5th, but the probability of breaking a new high before July is only 16%. On-chain data shows that open interest continues to decrease, with clear signs of liquidation exhaustion, and the market is "clearing out bullish momentum". If it breaks through the resistance level of $108,000, BTC is expected to enter a price discovery phase. Analysts believe that the Federal Reserve's interest rate stabilization and MVRV returning to the mean could be positive signals. (Cointelegraph)

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