Analyst sees bullish June for BTC if $74.4K support holds

Crypto analyst Sykodelic argued that Bitcoin has maintained its mid-to-long-term bullish structure by closing its weekly candle above the key $74,400 level last week, The Crypto Basic reported. He explained that the recent dip to around $74,100 was a retest of a key level following a breakout. While a further short-term correction is possible this week, Sykodelic predicted that the upward trend could strengthen in June. He also suggested that if support around the $74,400 mark holds, a wave of short position liquidations and new liquidity could push BTC above $90,000. Sykodelic assessed that the macro bottom for BTC has already formed around the $60,000 level.