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Bitcoin tests $65,000 support amid a 50% drop from its October 2025 peak, with $55,000 seen as a key floor.

Market News
04 Jun 2026
Crypto news
View Source
Bearish
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Bitcoin has fallen below $62,000 in June 2026, down over 50% from its October 2025 high near $126,200. The critical near-term support level is $65,000; holding above it suggests a deep correction within an ongoing uptrend, while dropping below opens the door to further declines. Analysts identify $55,000 to $57,000 as a realistic worst-case floor, supported by historical drawdowns and institutional buying interest. Prediction markets price chances of Bitcoin dipping to $50,000, $45,000, or even $40,000 before 2027, but deeper drops depend on whether Bitcoin repeats past cycle crashes. The presence of large institutional holders and ETFs may provide a stronger floor than previous cycles. Investors should watch the $65,000 level closely, as it determines whether the correction remains shallow or deepens into more serious bear territory.

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