AI Sector Exits Crypto as Bitcoin Price Hits $60K

Bitcoin's price has dropped to $60,315.18, prompting some in the AI sector to take their capital out of crypto investments. According to CryptoMichNL, who highlighted diminishing returns from recent LLM updates and flagged an unsustainable bubble, this trend is not limited to the AI sector alone. Chinese hedge funds have also sounded warnings on June 28, 2026.

The technical indicators for Bitcoin are neutral, with a relative strength index (RSI) of 45.54 and a moving average convergence divergence (MACD) golden cross at -459.97. This suggests that the price may retracement towards the lower band support at $59,018.57 before any continuation higher.

The 4-hour chart shows Bitcoin trading inside the Bollinger Bands near upper resistance at $61,456.56. The EMA50 at $61,606.41 caps upside and the EMA200 at $66,603.11 defines the broader bearish structure.