I asked if Bitcoin and COIN shares could hold their August 2024 lows in a June 11, 2026, Barchart article, when I concluded with the following:
Time will tell if Bitcoin and COIN will continue to reach lower lows. Eventually, a bottom could ignite explosive rallies, while recent declines could have set the stage for price carnage, as the next technical support for Bitcoin is below $50,000 per token and below $115 for COIN shares. However, the price history suggests that bottoms and rallies are most likely when the asset class finds its next significant bottom. A test of the next support levels is not out of the question, but could be an opportunity.
