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Bitcoin bounces 8.6% to $64.2k but bearish trend likely to continue

Technical Signals
09 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Bitcoin rose 8.6% over the weekend, reaching $64.2k, but failed to break resistance and sustain gains. Despite a short-term buying surge, market indicators show ongoing selling pressure and negative profit/loss trends, signaling continued bearish sentiment. Analysts suggest a bounce above $70k is possible but unlikely, with a higher chance of prices dropping from the $65k-$66k resistance zone. Investors should prepare for potential further declines rather than a trend reversal.

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