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Bitcoin is at an important point right now. It is sitting on the support level that it has not seen in over two years. The 200-week moving average is a deal. This is the line that shows when it is doing well and when it is not. Since 2015, this line has been the difference between a market and a bad market. This line is between $61,000 and $63,000.
On June 6, Bitcoin went down to $59,600. Then it stopped going down. June 8, it went up to $63,500. On June 9, at $62,856.
Everyone who trades BTC is wondering if this is the start of something or if it is just a small bounce before it goes down again.
The big picture is important here. The inflation numbers for the United States in April were higher than expected. People have been taking their money out of BTC investment funds for 13 days in a row.
This is the time this has happened in 2026. One company that buys Bitcoin a lot sold some Bitcoin the week before. Then they bought $100 million more on June 8. Some people who study think that the worst part of the crash might be over.
They look at how close the price of BTC is to what people think it is worth. Markus Thielen, from 10xResearch, thinks that the real bottom is still 125 days away. He thinks Bitcoin might go down to the $40,000s by the end of 2026.
Technical analysis 
Support
$60,000
$55,000
$50,000
$35,000
$30,000
Resistance
$65,000
$70,000
$85,000
$100,000
Short-Term:
bearish pressure after losing the $65,000 support zone, with momentum favoring a retest of lower liquidity areas unless buyers reclaim $70,000.
Long-Term:
Despite the correction from its all-time high, Bitcoin's broader market structure remains bullish above major historical support, keeping the possibility of a future recovery toward new highs intact.
| Price Prediction 2026–2030 | Multi-Scenario | ||||
| Year | Bear Case | Base Case | Bull Case | Extreme Bull |
| 2026 (H2) | $40K–$55K | $65K–$85K | $100K–$130K | $150K–$180K |
| 2027 | $45K–$65K | $80K–$120K | $130K–$180K | $200K–$250K |
| 2028 | $50K–$80K | $100K–$150K | $160K–$220K | $250K–$350K |
| 2029 | $60K–$100K | $120K–$180K | $200K–$280K | $300K+ |
| 2030 | $70K–$120K | $150K–$220K | $230K–$300K | $350K+ |
10xResearch's three-chart model places a cycle low in the $40,000s by October 2026 if history repeats. This requires continued ETF outflows, macro tightening, and AI capital rotation draining crypto liquidity. Not impossible — the 2022 FTX cycle proved that even structurally bullish assets can break their 200-week MA under systemic stress.
The 200-week MA holds. ETF inflows resume after CPI data normalizes. Strategy and institutional buyers continue accumulating. targets the $75,000–$85,000 zone by Q3 2026, then $100,000 by year-end as the next halving cycle matures.
Charles Hoskinson predicted BTC would hit $250,000 by the end of 2026. The bull case basis: if macro clears, AI capital rotates back into crypto after IPOs conclude, and institutional ETF demand resumes at pace, targets $150,000 by Q4 2026. A realistic bull case within the current cycle structure.
Morgan Stanley opened a new crypto-to-ETF path with Galaxy Digital — clients can lend Bitcoin for spot crypto ETP shares. If this model expands to other institutions and triggers a new wave of structured BTC demand, $200,000 becomes achievable in the 2027–28 timeframe.
| Risk Assessment —| June 10, 2026 | ||
| Risk Factor | Detail | Level |
| CPI Wednesday, June 10 | Hot CPI data could push BTC below $60K — biggest near-term catalyst | HIGH |
| 125-Day Bottom Model | 10xResearch projects $40K+ bottom by Q4 2026 based on historical charts | Medium-High |
| AI IPO Liquidity Drain | 3 mega AI IPOs between now and Q3 draw institutional capital away from BTC | Medium |
| ETF Outflow Resumption | 13-day streak ended but fragile — another macro shock reverses inflows fast | Medium |
| Geopolitical Risk | Middle East tensions add short-term volatility to every BTC candle | Medium |
| 200-Week MA Support | BTC is touching its strongest historical support level — held in every cycle except the FTX shock | Opportunity |
Current updates
April US CPI data came in hot — triggered 13 consecutive days of Bitcoin ETF outflows (longest streak of2026)
ETF outflow streak ended June 8 — ETFs recorded inflows, Ethereum ETFs snapped 17-day outflow streak
Strategy (Michael Saylor)bought $100M in BTC on June 8 — same week it sold 32 BTC in prior session
Morgan Stanley opens crypto-to-ETF path with Galaxy Digital — clients can lend BTC for spot ETP shares
CPI Below Forecast (Below 4.2%) → Bullish for Bitcoin, could trigger a move toward higher resistance levels.
CPI In Line (Around 4.2%) → Moderate volatility, market may remain range-bound.
CPI Above Forecast (Above 4.2%) → Bearish for Bitcoin, as traders may expect tighter monetary policy and a stronger USD.
People who buy and sell are paying attention to the U.S. Consumer Price Index report that comes out today.

This report is scheduled to be released at 8:30 AM ET. The information about inflation is expected to show that the annual Consumer Price Index is going up to 4.2%, which is higher than the 3.8% from the month before.
Bitcoin is trading near an important support zone right now. So the report that comes out today could make the market move a lot.
If the inflation reading is not as high as people thought it would be, it might make people feel better about taking risks. That could help go back up.
If the inflation is higher than people thought, it could make the U.S. dollar stronger, and that would make people want to sell their Bitcoin and other cryptocurrencies.
Warning YMYL Disclaimer
This article is for informational and educationalpurposes only. Nothing here constitutes financial, investment, or tradingadvice. Cryptocurrencies are highly volatile. Always conduct your own researchand consult a licensed financial advisor. Past performance does not guaranteefuture results. CoinGabbar holds no positions in any of the assets mentioned atthe time of publication.