Bitcoin may need to climb back above $65,000 before any meaningful recovery can take hold — but getting there looks harder by the day.
Market analyst Michaël van de Poppe said a break past that level could open the door to a rally toward the $72,000 to $74,000 range, yet the broader demand picture suggests that kind of move is far from guaranteed.
#Bitcoin is stalling beneath $65K as breaking that level would trigger a strong run to $72-74K.
The $65K support level was the previous level of support after the crash early in February and is now acting as the resistance to break through.
If it happens for Bitcoin’s price to… pic.twitter.com/GOaN7KuT0O
— Michaël van de Poppe (@CryptoMichNL) June 9, 2026
Why The Numbers Look Ugly Right Now
The 30-day combined growth of spot and perpetual futures demand has fallen to around -650,000 BTC, a reading that has appeared only three times since 2019.
CryptoQuant analyst Moreno flagged the figure as a sign that the market ha
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