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Bitcoin rises above $64K amid bullish signals, challenging Galaxy Digital's Q4 2026 bottom forecast.

Market News
12 Jun 2026
Crypto news
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Neutral
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Bitcoin climbed above $64,000 on June 12, showing signs of bullish momentum with technical patterns like an inverse head-and-shoulders and rising open interest. This challenges Galaxy Digital's forecast that the cryptocurrency's cycle bottom may not occur until Q4 2026. Despite ETF outflows and some bearish metrics, traders are increasingly optimistic, with key resistance near $64,900 being a critical level to watch. A breakout above this could lead to higher targets around $68,500 and $70,000, but failure to break resistance may validate Galaxy's caution about further downside risks.

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