5 Things Driving Bitcoin Price Action This Week

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Bitcoin traders warned that it should be Q3 at least before the real BTC price bear market bottom entered.

Bitcoin (BTC) starts the second week of June with damage control — and new macro lows are still expected this year.

Traders see a relief bounce coming next for BTC price action, but the bottom, they agree, is not in.

US inflation data will test markets’ resolve as the US-Iran war drags on.

Peace-deal pledges by US President Donald Trump do little to stabilize the risk-asset picture.

Multiple onchain indicators give analysts hope that the worst of the sell-off is over.

Crypto sentiment dives to some of its lowest levels on record.

Bitcoin bear-market bottom is months away

Bitcoin saw modest relief around its latest weekly close, data from TradingView shows, but among traders, the lack of major good news is conspicuous.


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