Traders Eye $61K as Bitcoin’s Last Defense Before a Drop to the High $50Ks

EDT, bitcoin traded at $63,444 on June 4, 2026, with its relative strength index ( RSI) registering just 17 and all 14 tracked moving averages pointing lower, placing the $61,310.

OttoTrader publishedJun 4, 2026, 1:08 PM

Original source timeJun 4, 2026, 12:45 PM

UpdatedJun 4, 2026, 1:08 PM

Source publicationBitcoin.com News

Open source article Back to Market Pulse

Brief context

The part worth checking first.

What changed

The setup

EDT, bitcoin traded at $63,444 on June 4, 2026, with its relative strength index ( RSI) registering just 17 and all 14 tracked moving averages pointing lower, placing the $61,310 swing low at the center of every active trader’s attention The technical picture is uniformly bearish across the daily, 4-hour, and 1-hour […] Traders Eye $61K as Bitcoin’s Last Defense Before a Drop to the High $50Ks

Why it matters

Trader relevance

Market context around BTC can change volatility, liquidity, or sentiment. The concrete detail to watch is EDT, bitcoin traded at $63,444 on June 4, 2026, with its relative strength index ( RSI) registering just 17 and all 14 tracked moving averages pointing lower, placing the $61,310 swing low at the center of every active trader’s attention

Trading lens

How to use it

Use this as defensive context from news.bitcoin.com. Watch whether the technical picture is uniformly bearish across the daily, 4-hour, and 1-hour […] confirms momentum, invalidates active bias, or changes timing.

Assets

BTC

Source: Bitcoin.com News on news.bitcoin.com.

Original Source

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