Bitcoin Nears Six-Week Low as Traders Await Buyer Interest and Market Recovery

Bitcoin neared six-week lows on June 21, as traders cautioned that buyers were still absent. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $63,356 on Bitstamp, indicating another challenging day for Bitcoin’s price. The cryptocurrency has declined 3.7% week-to-date and 5.75% in June overall, struggling to maintain the $64,000 level. Skew, a popular trader, noted that although some buying interest was emerging at lower prices, consistent buying was necessary for a broader recovery. “Potential LTF absorption going on here,” he updated on X. “A lot of shorting by looks of it & spot selling into price around the

Source: CryptoIntelligence