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Bitcoin may drop to $65,000 if key support breaks, but a strong rebound could follow with 3x returns.

Market News
01 Jun 2026
FXEmpire
View Source
Bearish
pluang ai news

Bitcoin has fallen 6% recently and could drop to $65,000 if it loses a crucial trend line support this week. Nearly $3 billion has been withdrawn from Bitcoin ETFs, signaling bearish investor sentiment. Despite this, technical indicators suggest a retest of the $60,000 cycle low is likely, which could mark the start of a new bull market. If Bitcoin holds above $70,000, it may offer a trading opportunity with a potential 3x return targeting $85,000 in the near term.

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