Bitcoin is trading around $62,950 as bulls try to hold above $60,000 after a weekend of heavy selling. On-chain analyst VoidOnChain issued a roadmap predicting the price could break below $60,000, then fall to a buy zone near $53,000, and potentially flush to $47,000 by July. Meanwhile, Strategy bought 1,550 BTC last week, helping calm market jitters after its earlier sale.
VoidOnChain's C-wave call
The analyst mapped out a corrective pattern similar to the one seen from January to early February this year. The near-term target is $60,000, with a break below that likely coming within days. If that level fails, $53,000 is expected as early as next week. A deeper flush to $47,000 could follow by July, according to the roadmap.
The predicted move corresponds to a C wave pattern. Once the corrective structure completes, the roadmap projects a recovery to $87,000 initially, then $151,000 by January 2027.
Strategy's $101 million purchase
Between June 1 and June 7, Strategy purchased 1,550 Bitcoin at an average price of $65,333, spending about $101.3 million. The buy came after the company's earlier Bitcoin sale had weighed on market sentiment. Many traders saw the fresh accumulation as a sign of confidence, helping stabilize the mood after a rough weekend.
Market sentiment split
Bears controlled the market over the weekend, but selling pressure is easing. Some savvy traders are stepping in to buy the dip. That said, many crypto analysts believe Bitcoin hasn't delivered a clear bullish confirmation yet. They expect another crash into an accumulation zone before a sustained recovery begins.
The immediate question is whether $60,000 holds. If it doesn't, the roadmap's lower targets become the focus — and a fast move to $53,000 or even $47,000 could be in the cards before the next leg up.
