Bitcoin's Price Stability Amidst Market Fluctuations.

Bitcoin's key support level, the 200-week moving average, is back in play as BTC struggles to stay above $27,000. Technical analysts warn that a failure to hold this level could mean the bottom isn't in yet, with the next level of support around $25.5k. Open interest in Bitcoin futures is increasing, with long positions becoming more prominent. The US Federal Reserve's decision on interest rates due on June 14 is seen as a "do or die" moment for Bitcoin's technical support levels. Liquidations have impacted longs, with cross-crypto position losses totaling $33 million.