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Bitcoin nears end of downtrend with key support at $60K, boosted by institutional inflows and easing Fed fears.

Market News
04 Jul 2026, 12:14 WIB
Zycrypto
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Bullish
Bitcoin nears end of downtrend with key support at $60K, boosted by institutional inflows and easing Fed fears.

Bitcoin is showing signs of ending its recent downtrend, entering a final selling phase marked by increased volume and price volatility. Institutional investors are absorbing panic selling, potentially leading to a price bottom within 90 days. The shift from net BTC inflows to outflows on exchanges and manageable leverage levels suggest easing selling pressure. Bitcoin's price rose to $61,987, helped by $221.7 million inflows into spot ETFs and a $450 million short squeeze, with the $60,000 level now critical for future gains or a possible retest of $58,000 support amid low liquidity ahead of the U.S. Independence Day holiday.

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