During June 8, BTC/USD made a series of lower lows on short timeframes. Before bouncing, analysts suggest it's a good idea to test the liquidity around 28k. Analysts predict that if Bitcoin falls below $20,000, it will be the first time in history that a prior bull cycle's high has been breached. According to researchers, Bitcoin was trading around $19,000 on Binance on June 8, near its all-time highs of $64,500, where current hodlers bought.