The Bitcoin market and cryptocurrencies in general are seeing a sharp drop in the early days of June 2026. After flirting with all-time highs earlier in the year, the price has broken key supports. BTC has plummeted below the psychological barrier of $70,000, trading in a range around $65,700. This represents a decline of over 12% in the last seven days.
According to technical analysis from the #PetroDivisaPlus channel, if the price fails to consolidate above $65,000, the next liquidity and support levels are found in the $64,000 area, with the risk of opening the door towards $60,000 in the short term. To reverse this bearish trend, the price needs to rise and hold above $74,000.
According to technical analysis from the #PetroDivisaPlus channel, if the price fails to consolidate above $65,000, the next liquidity and support levels are found in the $64,000 area, with the risk of opening the door towards $60,000 in the short term. To reverse this bearish trend, the price needs to rise and hold above $74,000.