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cryptoJun 26, 2026, 1:31 PM

Bitcoin Weakens Near $59K as Accumulation Stalls for 7 Months

Bitcoin struggles to hold $59,000 as on-chain data shows demand has been negative for 208 consecutive days. Analysts warn of a potential 15-30% correction based on RSI oversold patterns.

BTCUSD

Bitcoin is showing signs of weakness, barely holding around $59,000 with buyers cautious. According to analyst Ali Martinez, BTC accumulation has been stalled for seven months.

From November 9, 2025, through May 31, 2026—a span of 208 consecutive days—visible demand for Bitcoin never recorded a positive reading. This extended period of negative demand is a bearish signal.

Separately, analyst Ardi noted that Bitcoin has entered the oversold zone on the daily RSI chart. The last three times this pattern appeared, the price corrected by 15-30%.

Source: ForkLog

Bitcoin Weakens Near $59K as Accumulation Stalls for 7 Months — TradersWeek · TradersWeek