Bitcoin (BTCUSD) market analysis

Every LHFX Research update on Bitcoin, newest first.

BTCUSD sits at 77490.95 midweek, about 116 points below Monday's open after a 79195 high failed and Tuesday flushed to 76323.

BTCUSD sits at 64,238 midweek, up roughly 770 dollars from Monday's open, with longs holding a slim majority into the back half of the week.

BTCUSD sits near 63,957 on Wednesday, down from Monday's open with a narrow range, and the back half of the week is light on scheduled catalysts.

BTCUSD slid to 64042 by Friday and now faces an FOMC decision on Wednesday and a BOJ rate call on Friday across the same five sessions.

Bitcoin opened the week near 64642 and closed around 65225, a modest net gain after rejecting its mid-week high.

Bitcoin closed last week near 63,851 after a mid-week push to 65,519 faded. This week brings UK CPI, the ECB rate decision, and Australian jobs.

BTCUSD sits near 64,904 midweek, up from Monday's 63,691 open after Tuesday's rally, with the calendar quiet and 65,000 the level in focus.

Bitcoin has shed 2,012 points from Monday's open, now trading at 61,239 as buyers and sellers battle for control near key support.

Bitcoin enters the week near 61K after a brutal 12K selloff, with no major events to drive direction.

Bitcoin shed 15.1% this week as Asian market turmoil spilled into crypto, closing at 62498.94 from Monday's 73593.46 open.

Bitcoin enters June after a 4.7% weekly decline, with US employment data and ISM readings set to shape crypto risk appetite.

Bitcoin dropped 4.5% this week from 76,984 to 73,601 as sellers pushed through multiple support levels.

Bitcoin dropped sharply to 75456 on Friday after testing 78000. Watch for consolidation patterns this week.

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Bitcoin Market Analysis | LHFX