{"id":31060,"date":"2026-06-08T08:13:23","date_gmt":"2026-06-08T08:13:23","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-price-reclaims-63000-can-the-recovery-reach-64k\/"},"modified":"2026-06-08T08:13:33","modified_gmt":"2026-06-08T08:13:33","slug":"bitcoin-price-reclaims-63000-can-the-recovery-reach-64k","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-price-reclaims-63000-can-the-recovery-reach-64k\/","title":{"rendered":"Bitcoin price reclaims $63,000: Can the recovery reach $64K?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin price recovered above $62,000 on Monday after last week\u2019s selloff pushed the asset to about $59,100.\u00a0<\/p>\n<div id=\"cn-block-summary-block_b8bfbe7880f17a1b8abed7560982c8d6\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin reclaimed its 200-week average after sweeping February\u2019s low, but resistance remains near $64,000.<\/li>\n<li>Oversold RSI supports a relief bounce, while bearish MACD shows sellers still control broader momentum.<\/li>\n<li>Rising open interest increases liquidation risk as traders watch $55,000 if the recovery loses support.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The rebound briefly carried BTC near $64,200 before sellers returned, leaving the market between long-term support and its first recovery barrier.<\/p>\n<p>At the time of writing, Bitcoin traded near $63,000, up 1.39% over 24 hours. Its daily range stood between $61,206 and $63,739, while the seven-day loss remained 14.06%. Buyers have slowed the decline, but they have not reversed the broader weekly trend. ETF flows and futures positioning also remain important tests for the rebound.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Bitcoin price holds the 200-week moving average<\/strong><\/h2>\n<p>Bitcoin closed the week above its 200-week simple moving average near $62,800 after sweeping the February low, according to crypto analyst Crypto Rover. Traders follow this average because it tracks Bitcoin\u2019s long-term trend.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">GOOD START OF THE WEEK FOR BITCOIN! <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> weekly close: above the 200W SMA.<\/p>\n<p>The February low got swept first. Liquidity grabbed. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/s5pJ0QJc6S\">pic.twitter.com\/s5pJ0QJc6S<\/a><\/p>\n<p>\u2014 Crypto Rover (@cryptorover) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/cryptorover\/status\/2063883223227330954?ref_src=twsrc%5Etfw\">June 8, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Holding above it could support another test of $64,000 to $64,200. A daily close below the average would return attention to $60,000 and the recent $59,100 low.<\/p>\n<p>The June decline followed several waves of macro pressure. Higher inflation weakened expectations for easier monetary policy in May. Strong U.S. employment data then added another setback.\u00a0<\/p>\n<p>The economy created 172,000 jobs in May, compared with forecasts of 85,000, while unemployment stayed at 4.3%. As previously reported by crypto.news, Bitcoin\u2019s break below $60,000 came as total crypto liquidations passed $1.7 billion within 24 hours.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Oversold RSI meets a still-bearish MACD setup<\/strong><\/h2>\n<p>Bitcoin\u2019s 14-day relative strength index stands at 26.43, below the 30 oversold threshold and its RSI moving average of 28.60. The reading shows that selling became stretched, which can support a relief bounce without confirming a lasting bottom. According to analyst Crypto Rover, the Fear and Greed Index has also fallen to 8, placing sentiment in \u201cextreme fear.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">WARNING: \ud83e\ude78 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> fear &amp; greed index hits 8. <\/p>\n<p>EXTREME FEAR. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/rC9frZ40EW\">pic.twitter.com\/rC9frZ40EW<\/a><\/p>\n<p>\u2014 Crypto Rover (@cryptorover) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/cryptorover\/status\/2063874163732017343?ref_src=twsrc%5Etfw\">June 8, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The Wolf of All Streets trader Scott Melker <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/scottmelker\/status\/2063775288882819569?s=20\" target=\"_blank\" rel=\"nofollow\">said<\/a> Bitcoin may be forming a weekly bullish divergence from oversold RSI. \u201cNeed this week to close with a clear elbow up on price and RSI,\u201d he wrote. The signal remains unconfirmed because price and momentum must turn higher together.\u00a0<\/p>\n<p>Bitcoin\u2019s MACD line sits near -4,019.58, below the signal line at -2,951.83, while the histogram remains negative at -1,067.75. Rising selling volume supports the bearish momentum reading and shows that sellers remain active despite the rebound.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Bitcoin (BTC) price chart, source: crypto.news<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\"><strong>Trump-Iran headlines keep Bitcoin traders cautious<\/strong><\/h2>\n<p>Bitcoin\u2019s move toward $64,000 followed comments from U.S. President Donald Trump about a possible agreement with Iran. Trump said the parties were \u201cvery close\u201d to a deal and claimed Israeli Prime Minister Benjamin Netanyahu did not control the process, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/trump-says-new-israel-iran-strikes-wont-affect-peace-deal-2026-06-08\/\" target=\"_blank\" rel=\"nofollow\">according<\/a> to Reuters. Traders initially treated the remarks as a possible reduction in geopolitical risk, helping stocks and cryptocurrencies recover from their late-week lows.<\/p>\n<p>Events on June 8 weakened that optimism. Israel struck military targets and a petrochemical site in Iran after Tehran fired missiles toward Israel. Trump maintained that the attacks would not derail talks, but the renewed exchange left the agreement uncertain.\u00a0<\/p>\n<p>Brent oil rose above $96 per barrel as prices gained more than 3%. Higher energy costs could keep inflation and interest-rate concerns active for Bitcoin. The market may therefore remain sensitive to each new military or diplomatic update.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Bitcoin support levels place $55,000 next in focus<\/strong><\/h2>\n<p>Analyst Ali Martinez listed the 200-week average at $62,800, the 300-week average at $55,000 and the 400-week average near $42,500. These levels form a long-term support ladder rather than fixed targets.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">For anyone planning to dollar-cost average into Bitcoin <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> ahead of the next bull market, these are the levels I\u2019m tracking:<\/p>\n<p>\u2022 200W SMA: $62,800<br \/>\u2022 300W SMA: $55,000<br \/>\u2022 400W SMA: $42,500 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/ole0OsEl9o\">pic.twitter.com\/ole0OsEl9o<\/a><\/p>\n<p>\u2014 Ali Charts (@alicharts) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/alicharts\/status\/2063871011322302524?ref_src=twsrc%5Etfw\">June 8, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Bitcoin must first defend $62,800 and $60,000 before the lower averages become active tests. The $55,000 area also matches a long-running trendline <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoPatel\/status\/2063825846020759754?s=20\" target=\"_blank\" rel=\"nofollow\">tracked<\/a> by Crypto Patel, making it the next broad support zone if the recent low fails.<\/p>\n<p>Calls for $42,500 or $35,000 remain conditional bearish cases rather than immediate forecasts. Bitcoin would need to lose the 200-week average, the $60,000 level, the $59,100 low and the $55,000 region before those levels gain weight. That sequence gives traders several areas to assess before treating a deeper fall as the main path.<\/p>\n<p>Derivatives data adds another risk. Crypto.news reported that open interest rose while Bitcoin\u2019s price fell, showing that traders added leverage during weakness. That setup can produce a short squeeze if BTC clears $64,200, or another long squeeze if the price falls below $60,000. A firm close above $64,200 would strengthen the recovery and support the bullish RSI case.<\/p>\n<p>For now, $62,800 remains the main dividing line. Holding it would keep $64,200 within reach and give buyers time to build a base. Failure to hold the 200-week average would place $60,000, $59,100 and $55,000 back in focus, while the bearish MACD would remain the stronger trend signal.<\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price recovered above $62,000 on Monday after last week\u2019s selloff pushed the asset to about $59,100.\u00a0 Summary Bitcoin reclaimed its 200-week average after sweeping February\u2019s low, but resistance remains&hellip;<\/p>\n","protected":false},"author":1,"featured_media":27051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-31060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=31060"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31060\/revisions"}],"predecessor-version":[{"id":31061,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31060\/revisions\/31061"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/27051"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=31060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=31060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=31060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}