#$60,000

Bitcoin fell below its 200-week moving average dropping below $61,000 for the first time since the 2022 bear market, triggered by a blowout May payrolls report that repriced Fed rate-cut expectations and exposed a $1.2 billion options wall at $60,000.

Bitcoin sellers were losing steam, market analysis said as ongoing BTC price downside brought the market closer to $60,000.