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Bitcoin price drops below key supports, signaling bearish trend near $60K level.

Technical Signals
04 Jun 2026
Tokenpost
View Source
Bearish
pluang ai news

Bitcoin has entered a bearish phase after breaking below critical support levels, including the 50-day and 100-day moving averages and a two-month ascending trendline. The price is now near $63,000, with the next major support at $60,000, which if breached could lead to further declines toward the mid-$50,000 range. Technical indicators like the RSI show oversold conditions, but this may not signal an immediate bottom. For a bullish reversal, Bitcoin needs to reclaim the $73,000 to $76,000 resistance zone, otherwise, sellers remain in control and downside risks persist.

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