BITCOIN ANALYSIS | JUNE 20, 2026
The weekly chart (Wizard OB + Volume Profile) clearly shows where we stand: Bitcoin is testing a major confluence zone around 63-65k, after a significant run-up to ~130k and a pronounced correction.
Quick look at the Order Blocks (OB) chart:
You have a fresh OB at 2.14M (84%) around 90-100k (recent resistance zone).
Another mixed OB at 3.76M (68%) lower, and an older fresh OB at 3.06M (58%) around 25-30k.
The price is currently flirting with levels where institutions have left their mark (the infamous unfilled order blocks). Volume Profile: The Point of Control (POC) is very low at ~19.6k, and the Value Area Low (VAL) is at ~15.3k.
This means that the historical high volume occurred much lower. Currently, we are in a relatively low volume zone (thin profile), so the price can move quickly in either direction.
The recent High Volume Node (HVN) appears to be around 60-70k based on the visible profile.
Overall Structure: We have exited a huge uptrend, formed a double top-ish pattern around 120-130k, and are now consolidating/correcting within a wide range.
The current weekly candle shows resistance (long wicks).
Strong Technical Confluences:
Price right on a fresh overbought level + recent liquidity zone.
Psychological level of 60-65k (major support after the previous all-time high).
Volume profile showing that if we lose the 60-62k level, it could accelerate towards the lower POC, but if we hold, a sharp rebound is possible towards the next fresh OB at 90k+.
My short/medium-term outlook:
Bullish scenario (most likely if we hold): Rebound to 60-63k โ test of 70-77k (strong resistance with a mixed OB).
If the weekly breakout closes above 77-80k, we quickly target 90-100k (fresh OB 2.14M).
Realistic summer/autumn projection: 85-110k if macroeconomics helps.
Bearish scenario: Loss of 60k โ acceleration towards 50-55k, or even a deeper retest of the ~19-25k POC (but this would be a real crash, unlikely without a black swan event). Lower probability for now.
Risk: High volatility, classic false breakouts on the weekly chart.
What to do in practice?
Long term / HODL: Accumulate or add to your position at 60-63k if you believe in Bitcoin. This is a historical buying zone.
Swing Trading: Wait for confirmation (weekly close above 68-70k for longs).
Stop below 60k.
Targets at 77k then 90-100k.
Excellent risk/reward ratio here.
Idea: Scale in gradually. No FOMO if there's a sudden pump.
Fundamentals are holding (and will impact the coming weeks). Bitcoin is no longer just a speculative asset: it's macro-driven now.
ETFs & Institutional: Mixed flows in recent weeks (BlackRock outflows, etc.), but structurally positive. ETFs absorb more than mining production. Any strong inflow = direct fuel.
US Macro: Interest rates, inflation, Fed liquidity. If the Fed cuts or pauses QT, it's bullish for BTC (as always).
Huge US debt reinforces the "digital gold" narrative.
Upcoming events (June-July 2026 and beyond):
Regular US macro data (inflation, employment) โ react strongly.
Potential Clarity Act or pro-crypto regulations in the US (a major catalyst if it moves forward).
Bitcoin conferences and events (Mining Disrupt, etc.) that boost sentiment.
Seasonality: June is often weak, but catalysts can override.
Overall, the fundamentals remain solid (adoption, post-halving scarcity, institutional investors). The current correction looks more like a healthy reset than the end of a cycle.
Simple summary for everyone:
Listen, #Bitcoin is currently around 63-64k and is taking a breather after surging wildly to over 130k. On the weekly chart, we can see that we're testing a significant zone where large players have placed order blocks and where volume has accumulated recently. It's a bit like a spring: either it holds and we'll quickly rebound to 80-100k, or it breaks and we'll drop to test lower support levels (50-55k max likely). For now, I'm leaning towards a rebound. Macro news and ETFs are digesting the market, but nothing has changed in the long term: Bitcoin remains scarce, increasingly adopted by institutions, and benefits from an environment where "easy money" always seems to come back around.
Personal advice:
If you're an investor, stay calm and take advantage of the low prices to accumulate or increase your position.
If you're a trader, be patient, wait for confirmation, and protect your capital.
Don't panic, it's Bitcoin, it's always volatile, but the overall trend tends to favor it over several years.
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