Bitcoin Slides Below 62K as Macro Bear Regime Tightens Its Grip – 2026 06 25

Bitcoin is trading at $61,607 as of Thursday, June 25, 2026 (08:00 UTC+2), having now firmly broken below the $62,000 psychological mark and approaching the session lows near $60,650. Comparing today’s price action to our June 18th analysis (when BTC was at $64,036), the bearish thesis we articulated has continued to play out — we’ve now dropped another ~$2,400 (-3.8%) in just one week, with the $65,400 pivot from June 1-3 now sitting firmly as overhead resistance.

The technical picture is unequivocal in its bearish dominance. On the Daily timeframe, the ADX has climbed to 35.04 with -DI at 32.23 massively dominating +DI at 14.62 — this is a textbook high-momentum trending market, and unfortunately for bulls, that trend is decisively down. The Weekly chart is even more telling: price is trading 15% below the 15-week MA at $71,141, with the Weekly RSI at 34.30 (oversold) and Weekly Stoch RSI at K=19.85, D=28.72 — both flashing extreme oversold conditions.

However, we are now seeing the first internal divergence of this entire decline. The 1-Day MACD histogram has just flipped positive at +192.1 (after being deeply negative for weeks), and the Daily CMF has neutralized from negative to 0.00. This indicates that selling pressure is decelerating even though the trend remains intact. The 2-Hour chart shows a counter-trend micro-bounce with the MACD crossing up through signal and Stoch RSI overbought at K=90.99.

Our prior prediction of continued bearish pressure has been validated. The market did not produce a daily close above 63,500 (our prior resistance flip), confirming sellers remain in control. Looking forward, the critical battleground is the $60,650 level — this is the immediate floor. A break and weekly close below this would expose the Weekly Low of $59,065 and potentially a flush to the $58,000-58,500 zone. Conversely, any sustained push above $62,476 (2H MA #1) would challenge the bear narrative, with $63,500 (4H MA #1) as the next major test.

We maintain a defensive posture, favoring short positions on rallies to the $62,400-62,500 zone, with stops above $63,500. Risk management is paramount here — oversold conditions can persist for weeks in high-momentum bear regimes, and the historical June 1-3 short call (targeting $65,400) has now been exceeded, with price having moved through that pivot as expected.

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