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Bitcoin dips near $73,800 amid ETF outflows and geopolitical tensions, key support at $71K crucial for next move.

Technical Signals
31 May 2026
Blockonomi
View Source
Neutral
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Bitcoin has fallen about 3% over the past week to around $73,800, influenced by geopolitical tensions and ongoing capital outflows from Bitcoin spot ETFs totaling nearly $3 billion since mid-May. Analyst Michael van de Poppe highlights $71,000 as a critical support level; holding this could lead to a rally toward $76,600, while failure might push prices below $65,000. Technical signals like the TD Sequential buy indicator suggest a possible rebound to $75,000, but some experts warn the downtrend could extend into 2027. Overall, Bitcoin's near-term direction hinges on maintaining key support amid mixed market signals.

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