Bitcoin (BTC) has been on a rollercoaster ride throughout the month of June, with the price fluctuating and failing to sustain above the $62,000 mark. However, according to market analyst Rekt Capital, the Bitcoin price is poised to break out from the June downtrend, presenting a potential opportunity for traders.

Rekt Capital's analysis suggests that Bitcoin is forming an early-stage Bull-Flag pattern, which could lead to a major breakout on the upside if the pattern gains strength. This pattern indicates that the ongoing downtrend in the BTC price is about to end, and continued price stability could further challenge the June downtrend.

The analyst also highlighted that the current BTC price retracement is nearing the typical 22% correction seen throughout the market cycle, and the positive initial reaction aligns with the support levels of previous all-time highs. However, it is crucial for Bitcoin's price to close within the structure on a weekly basis to maintain this support level.

Traders are also keeping a close watch on the Bitcoin options expiry today, with $6.6 billion worth of contracts at stake. Additionally, there is a potential risk of major liquidation if the BTC price slips below the $60,700 level, as it could trigger the liquidation of $22 million worth of positions.

Overall, the Bitcoin price landscape is a complex and dynamic one, with both bullish and bearish factors at play. Investors and traders should closely monitor the key levels and patterns highlighted by the market analysts to make informed decisions and navigate the market effectively.