Sell Bitcoin with $60,000 target as bullish momentum fades

Today, Bitcoin (BTCUSD) is stuck in a holding pattern around $63,460, drifting with no clear direction. A flurry of geopolitical developments—from Iranian sanctions relief to a thaw in regional tensions—should have boosted the king crypto. Instead, however, the digital asset barely blinked. Why? The real story lies elsewhere: money is flooding into AI stocks, leaving the token somewhere in the dust.

Meanwhile, the US Federal Reserve (Fed) isn't doing Bitcoin any favors. Hawkish chatter has kept Treasury yields elevated, making the crypto sector look like a tough sell for income-chasing investors. US spot BTC exchange-traded funds (ETFs) have recorded outflows for six weeks in a row, though the bleeding has slowed since early June—a small sign that the institutional exodus might be tapering off.

But here's the rub. Even high-profile purchases by heavyweights like Strategy and Strive haven't been enough to light a fire under prices. This suggests that the overhang from ETF supply still outweighs demand, thus leaving the market stuck in a tug-of-war.

On-chain data doesn't paint a prettier picture. According to CryptoQuant, a staggering 80% of Bitcoin transactions are now micropayments, which is a telltale sign that the network is filled with speculative activity rather than serious, long-term investment. 

Turning to the charts, BTCUSD has been grinding along a flat line after bouncing off a local low near $59,144. The Relative Strength Index (RSI) is at 53, right in the middle of neutral territory—not exactly a vote of confidence in either direction. Nevertheless, the latest bar reveals a slight downward tilt, a quiet red flag that buyers are losing their edge. Adding to the gloom, the Chaikin Oscillator is still below zero, clearly showing that bears are in control and there is little fuel left for a sustained rally. 

For those looking to make a move, consider the trading plan down below:

Sell Bitcoin at around $63,500–$64,000. Lock in profits at $60,000. Place Stop loss at $66,300.

This forecast is valid from June 23 till June 29, 2026.