Bitcoin price slips toward $62K local lows as bear-market history keeps repeating
Summary
Bitcoin fell to week-to-date lows as selling returned ahead of US inflation data. BTC was down about 1.2% and failed twice at $64,200, putting $60,000 support back in focus. Traders said bulls need to reclaim $65,000 to regain control; a breakout there could open a move toward $72,000–$74,000. Analysts also noted bearish similarities to past cycle lows, including loss of the 50-month EMA and a triangle support break, suggesting downside acceleration if the breakdown is confirmed. Bitcoin underperformed US stocks, which opened higher, while oil slid to its lowest since May 29 as renewed US-Iran peace hopes pressured crude.
