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Bitcoin breaks $70K support, risks dropping to $66K or below amid bear market pressure

Technical Signals
02 Jun 2026
Crypto Daily
View Source
Bearish
Bitcoin breaks $70K support, risks dropping to $66K or below amid bear market pressure

Bitcoin has broken down from its bear flag pattern and is currently testing the $70,000 support level, with the next key support at $66,000. If these levels fail, the price could fall further to around $60,000, marking a deeper bottom in the ongoing bear market. Technical indicators like the RSI suggest a possible short-term bounce, but overall bearish momentum remains strong. Market sentiment is weakening, highlighted by a large Bitcoin ETF outflow, indicating potential continued price declines unless bulls can reclaim key resistance levels above $73,660.

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