Bitcoin’s Bullish Momentum Faces Test as Bearish Technical Pattern Emerges

Bitcoin's recent rally is showing signs of exhaustion as a bearish shark harmonic pattern has formed on intraday charts, signaling potential short-term downside risks. Technical analysis suggests that Bitcoin could retrace toward the point of control and the 0.618 Fibonacci retracement levels if it fails to hold above the value area high. Volume metrics indicate lackluster buyer participation during the latest upswing, raising questions about the sustainability of the current price movement. As of June 23, 2025, market structure now hinges on whether Bitcoin can maintain key support levels or if a deeper correction is imminent. This development comes amid growing uncertainty in the cryptocurrency markets, with traders closely watching for confirmation of either a continuation of the bullish trend or the start of a more significant pullback.

Bitcoin Faces Short-Term Reversal Risk as Bearish Shark Pattern Emerges

Bitcoin's recent rally shows signs of exhaustion as a bearish shark harmonic pattern forms on intraday charts. The technical setup suggests potential downside toward the point of control and 0.618 Fibonacci retracement levels if the value area high fails to hold.

Volume metrics reveal lackluster buyer participation during the latest upswing, casting doubt on sustainability. Market structure now hinges on whether BTC can maintain footing above critical support zones or succumbs to a healthy correction.

Alby Wallet Faces Backlash Over Bitcoin 'Inactivity Fees'

Alby, a Bitcoin Lightning Network wallet, is under fire after users reported unexpected withdrawals labeled as 'inactivity fees.' The controversy erupted when Yu Xian, co-founder of SlowMist, disclosed nearly $192 in BTC was deducted from his account without explicit consent. The fees, tied to a May 1 Terms of Service update, target accounts inactive for 12 months.

Community outrage escalated as additional users came forward with losses exceeding $5,400 in some cases. Critics argue the policy lacks transparency, with many claiming they missed email notifications about the changes. Luke Gao of Lnfi Network clarified Alby's custodial wallet history, but the damage to trust appears significant.

Fertility Doctor Pioneered Bitcoin Adoption in 2012 with BTC Payments for Services

Bitcoin's journey toward mainstream adoption has seen unlikely pioneers. In February 2012, fertility specialist C. Terence Lee became an early adopter by accepting BTC for consultations—a sperm analysis and 15-minute consultation priced at 15 BTC (~$70 at the time). His Reddit post advertising the service marked one of the first documented medical transactions in cryptocurrency.

The initiative attracted a bitcoin enthusiast rather than a fertility patient, underscoring the community-driven nature of early adoption. Lee's experiment predated institutional interest, illustrating how grassroots adoption fueled Bitcoin's evolution from niche digital cash to a store-of-value asset.

Negative Rates in Switzerland and Higher Yields in U.S. Could Fuel Bitcoin Rally

As global markets react to the Ripple effects of President Donald Trump's trade war, a stark divergence in bond yields between Switzerland and the U.S. is emerging—a development that may accelerate Bitcoin's bullish momentum. Swiss government bonds with maturities up to five years now offer negative yields, with the two-year yield at -17.8 basis points. In contrast, U.S. Treasury notes of similar duration yield over 4%.

This disparity reflects the trade war's uneven impact: surplus economies like Switzerland and China face deflationary pressures, while deficit-heavy nations like the U.S. grapple with rising inflation. Central banks in Europe and China may respond with aggressive monetary easing, potentially driving capital toward alternative assets like Bitcoin. The Swiss National Bank and European Central Bank have already cut rates, underscoring the trend.

Meanwhile, soaring U.S. yields could strain fiscal conditions, further highlighting Bitcoin's appeal as a hedge against macroeconomic instability. The cryptocurrency's role as a non-sovereign store of value gains prominence amid these crosscurrents.

US Bitcoin ETFs Nearing $1 Trillion Milestone in Unprecedented Timeframe

US spot Bitcoin ETFs are on the verge of surpassing $1 trillion in cumulative trading volume, achieving this historic milestone in less than 18 months. The rapid ascent underscores Bitcoin's transformation from a speculative asset to a cornerstone of institutional portfolios.

BlackRock's IBIT fund dominates the market with a 79% share, while Bitcoin's price surge to nearly $74,000 in April 2024 provided tailwinds. The current consolidation phase has done little to dampen long-term enthusiasm for crypto's flagship asset.

Bitcoin Sentiment Nears Greed Zone as CPI Data Looms

Bitcoin's price hovers just below $110,000, with traders bracing for potential volatility following the June 11 Consumer Price Index release. A hotter-than-expected inflation reading could derail the recent rally, while in-line figures may reinforce bullish momentum.

Market sentiment has entered the 'Greed' zone—a historical warning sign of potential pullbacks. Despite fading hopes for near-term Fed rate cuts, traders continue pricing in new all-time highs for BTC. The Producer Price Index and PMI services data pose additional downside risks this week.

Analysts note Bitcoin's correlation with macroeconomic indicators remains elevated. A 0.2% monthly CPI increase WOULD push annual inflation to 2.5%, potentially altering the Fed's timeline for monetary easing. 'The first cut won't come before September,' remarked one market observer, citing persistent tariff pressures.