Bitcoin Faces Significant Downward Pressure as Market Sentiment Deteriorates
- Bitcoin Price Decline: Bitcoin is trading around $61,000 at the beginning of June 2026, having lost over 15% in the past week, which has pushed it to its lowest valuation since February 2026, leading to extreme fear in the market that could impact investor confidence.
- Cycle Pattern Analysis: Analyst Third Eye suggests that Bitcoin may still be following its old cycle pattern, with historical data indicating a potential 75% drop from its peak of $126,000 to a target of $30,000, implying a significant future cycle reset that could have major market implications.
- HBAR Price Volatility: Hedera's HBAR token has a strong correlation with Bitcoin, often exhibiting more severe movements during market downturns; historical data shows that when Bitcoin dropped 50% in May 2021, HBAR fell approximately 65%, indicating that HBAR could face even greater pressure if Bitcoin declines further.
- Market Demand Challenges: Despite Hedera's strong institutional adoption story, retail demand for HBAR remains weak, currently trading near $0.08, which is 85.6% below its all-time high, and with bearish market sentiment, a failure to break the $0.10 resistance could lead to further declines.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0107 | 0.0154 | 0.0197 | 0.0244 | 0.0287 | 0.0334 | 0.0377 |
| Fibonacci | 0.0154 | 0.0188 | 0.0209 | 0.0244 | 0.0278 | 0.0299 | 0.0334 |
About AI
About the author
