FxPro Analyst: Bitcoin Miners Reduce Position to Put Short-Term Bearish Target at $60,000

June 14 news, despite strong US stocks and favorable US cryptocurrency policy, traders expect a deeper correction in the price of Bitcoin in the next few weeks. This is mainly due to miners' selling activity and general profit-taking. Alex Kuptsikevich, senior market analyst at FxPro, said that Bitcoin continued to test the strength of the 50-day moving average, but could not find enough reason to fall further. Such consistent testing of lows allowed the bears to quickly succeed with the next target of $60,000.