Bitcoin Update – 12 June 2026

The sideways action continues.

At the beginning of the month, when we formed the low on 5 June, I thought there was a good chance we would see another low around 12–14 June. That view was based on several cycles lining up together and the planetary movements I have been tracking.

We are now entering that exact time window, but instead of moving lower, price has been consolidating and moving sideways.

This is important because markets often build patterns before the next major move.

At the moment, Bitcoin appears to be forming one of two patterns:

1. W Pattern (Double Bottom)

This is generally considered a bullish reversal/continuation pattern.

For this setup to play out:

👉 Price needs to break above the 63,800–64,200 resistance zone within the next 6–12 hours and turn that area into support.

If that happens, the probability of continuation higher increases significantly.

2. Ascending Triangle

The second possibility is an ascending triangle, which is also generally a bullish continuation pattern.

For this scenario, I could see something like:

• 12 June → High

• 13 June → Low

• 14 June → High

followed by a breakout above the 64,200 resistance level.

If this pattern develops, the support zone around the bottom of the triangle becomes extremely important.

Key Levels to Watch

Support

63,300

If price breaks below 63,300 within the next 6–12 hours, the probability increases that we move toward:

➡️ 61,800–62,000

This would likely form the bottom of the ascending triangle and must hold if the bullish structure is to remain intact.

Resistance

63,800–64,200

This is the immediate resistance zone.

A clean break above it would be the first bullish confirmation.

Higher Resistance Targets

If either of the bullish patterns plays out, the next area I'm watching is:

➡️ 65,000–65,800

I still expect a strong reaction or rejection somewhere within that zone, as it remains one of the most important resistance clusters on my charts.

Summary

• Sideways consolidation continues

• 12–14 June remains an important time window

• Bitcoin is forming either a W pattern or an ascending triangle

• Break above 63,800–64,200 = bullish confirmation

• Break below 63,300 = likely move toward 61,800–62,000

• Main upside target remains 65,000–65,800

• Strong rejection is still expected around that area

As always, the dates give us the window, but the structure tells us the direction.

More updates soon.

Bitcoin Astro