Bitcoin Weekly Analysis: Bearish Engulfing at $63K, 51% From Peak
Weekly Market Overview Bitcoin endured one of its most punishing weeks of 2026, shedding approximately 12.3% to trade around $63,063–$63,317 as of June 8. The weekly candle is shaping up as a decisive bearish engulfing structure, confirming the breakdown from the multi-month distribution range that had formed below the October 2025 all-time high near $126,200….
