An analyst has cautioned that Bitcoin’s (BTC) price could experience further declines following its worst June performance since 2022. This warning comes amid concerns that the recent market trends may signal continued bearish momentum.
According to CoinTelegraph, the fact that June closed above the realized price but remained below the 200-week moving average suggests that the bear market bottom has not yet been reached. Historical cycles indicate that such a pattern often precedes additional downward pressure on Bitcoin’s price.
For Japanese investors closely monitoring crypto alongside FX and equities, this potential extension of Bitcoin’s bearish phase underscores the importance of cautious portfolio management amid ongoing volatility in global markets.