{"id":30524,"date":"2026-06-29T13:03:31","date_gmt":"2026-06-29T12:03:31","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/06\/29\/bitcoin-60000-support-etf-outflows-fed-pressure\/"},"modified":"2026-06-29T13:03:34","modified_gmt":"2026-06-29T12:03:34","slug":"bitcoin-60000-support-etf-outflows-fed-pressure","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-60000-support-etf-outflows-fed-pressure\/","title":{"rendered":"Bitcoin at $60,000: Critical Support Under Pressure From ETF Outflows and the Fed"},"content":{"rendered":"\n

Bitcoin<\/strong> is trading in dangerous territory around $60,000<\/strong>, a key support<\/strong> level being tested simultaneously by massive outflows from US spot ETFs<\/strong> \u2014 $1.79 billion over the week<\/strong> \u2014 and a resurgence in expectations of Fed<\/strong> rate hikes. The combination of these two bearish<\/strong> catalysts is sustaining selling pressure and weakening the market’s technical structure.<\/p>\n\n\n\n

$1.79 Billion in ETF Outflows: A Sign of Institutional Capitulation?<\/h2>\n\n\n\n

US spot Bitcoin ETFs<\/strong> recorded their worst week since launch, posting $1.79 billion in net outflows<\/strong>. This figure significantly exceeds previous correction<\/strong> episodes and reflects a meaningful pullback from institutional investors<\/strong> amid a deteriorating macro backdrop.<\/p>\n\n\n\n

This partial capitulation is unfolding as equity markets also suffer an AI-driven sell-off<\/strong>, reinforcing the correlation<\/strong> between Bitcoin<\/a><\/strong> and risk assets. Selling pressure is therefore not coming from the crypto segment alone \u2014 it reflects a broader repositioning of institutional portfolios in response to macroeconomic uncertainty.<\/p>\n\n\n\n

On the indicators front, Bitcoin’s weekly RSI<\/strong> is approaching oversold territory, a level that has historically preceded technical retracement rallies<\/strong>. However, the MACD<\/strong> remains bearish on the daily chart, signaling that selling momentum has not yet been exhausted.<\/p>\n\n\n\n

Technical Analysis: Key Levels to Watch Around $60,000<\/h2>\n\n\n\n

The $60,000<\/strong> threshold represents a major support<\/strong> zone, converging with the 200-day moving average<\/strong> and a former resistance<\/strong> level that flipped to support during the last bull run<\/strong>. Holding above this level is essential to preserve the medium-term bullish structure.<\/p>\n\n\n\n

In the event of a bearish breakdown<\/strong> below $60,000<\/strong>, the next significant support sits around $56,000<\/strong>, followed by $52,000<\/strong> \u2014 a major consolidation zone observed before the acceleration toward the ATH<\/strong>. To the upside, Bitcoin<\/strong> needs to reclaim $63,000<\/strong> to neutralize immediate selling pressure and target a move back toward $67,000<\/strong>.<\/p>\n\n\n\n

Transaction volume<\/strong> remains thin, which amplifies volatility on every level test. Traders are paying close attention to the weekly close<\/a><\/strong>: a rejection candle holding above $60,000<\/strong> would represent a positive short-term technical signal.<\/p>\n\n\n\n

Bullish vs. Bearish Scenarios: Where Is Bitcoin Headed?<\/h2>\n\n\n\n

Bearish scenario:<\/strong> If the Fed<\/strong> confirms additional rate hikes and ETF<\/strong> outflows continue, Bitcoin<\/strong> risks losing the $60,000<\/strong> support. A correction<\/strong> toward $56,000<\/strong> or even $52,000<\/strong> would then become the base case. The bearish MACD<\/strong> on the daily timeframe would reinforce this trajectory in the absence of a bullish catalyst.<\/p>\n\n\n\n

Bullish scenario:<\/strong> A stabilization of ETF<\/strong> flows combined with more accommodative macroeconomic data could trigger a retracement rally<\/a><\/strong> toward $63,000\u2013$67,000<\/strong>. The RSI<\/strong> in oversold territory technically provides the fuel needed for a bounce, provided the $60,000 support<\/strong> holds.<\/p>\n\n\n\n

Market Verdict: $60,000 Is the Line in the Sand<\/h2>\n\n\n\n

Bitcoin<\/strong> is putting its bullish credibility on the line at the $60,000 support<\/strong>. The confluence of record ETF<\/strong> outflows, Fed<\/strong> fears, and an equity sell-off is creating a particularly hostile short-term environment. The next directional move will hinge on the weekly close<\/strong> and upcoming statements from the US central bank<\/strong>.<\/p>\n\n\n\n

Traders should treat $60,000<\/strong> as the primary decision pivot<\/strong>: a loss of this level would open the door toward $52,000<\/strong>, while a solid hold would lay the groundwork for a breakout<\/strong> toward $67,000<\/strong> in the weeks ahead.<\/p>\n\n\n\n

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