Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Bitcoin tests key support near $60K after dropping from $80K, risking deeper falls to $48.7K-$50K zone.

Technical Signals
05 Jun 2026
Coinpaper
View Source
Bearish
pluang ai news

Bitcoin has fallen below the $80,000 region and is now testing a critical support zone around $60,000. Analysts note that Bitcoin rejected major moving averages near $80,500, confirming a bearish trend with increased selling volume. If Bitcoin fails to hold the $60,000 support, the next significant support levels are between $48,700 and $50,000, which could become key accumulation zones in the long term. The market's reaction around these levels will be crucial to determining Bitcoin's next trend phase.

More News (BTC)

XRP's 700% rally fades as crypto market faces corporate noise and AI risks in 2026, warns DonAlt.

XRP's 700% rally fades as crypto market faces corporate noise and AI risks in 2026, warns DonAlt.

After predicting XRP's 700% surge, analyst DonAlt highlights a harsh crypto market repricing in June 2026, wiping out May's gains. The total crypto market cap fell over 15%, with XRP and Bitcoin dropping nearly 17% and 18%, respectively. DonAlt criti...

Market News
Bearish
4 hours ago
Bitcoin sentiment peaks bearish near lows, bullish near highs as price drops 20% from May peak

Bitcoin sentiment peaks bearish near lows, bullish near highs as price drops 20% from May peak

Bitcoin sentiment recently hit peak bullishness near its $78,000 high on May 22 and peak bearishness near its low on June 3, with price dropping about 20% to around $62,400. This inverse sentiment pattern suggests traders are most confident at highs ...

Market News
Bearish
4 hours ago
Bitcoin price stabilizes above key supports, hinting at possible sideways or upward move before next bear market phase.

Bitcoin price stabilizes above key supports, hinting at possible sideways or upward move before next bear market phase.

Bitcoin recently tested major support levels around $61K, including the bull market trendline and 200-week SMA, and is now stabilizing above them. The price currently holds near $62,800, having passed a descending trendline from the recent crash, sug...

Technical Signals
Neutral
5 hours ago
Crypto suffers worst week since July 2024 as Bitcoin and Ether plunge amid security and AI market pressures

Crypto suffers worst week since July 2024 as Bitcoin and Ether plunge amid security and AI market pressures

Cryptocurrency markets faced their worst week since July 2024, with Bitcoin dropping nearly 15% and Ether falling over 17%. Ether is nearing a critical support level of $1,420, risking a slide back to 2022 bear market prices if broken. The privacy co...

Market News
Bearish
5 hours ago
Bitcoin plunges 50% amid Middle East tensions, dragging $STRC down 5%

Bitcoin plunges 50% amid Middle East tensions, dragging $STRC down 5%

Bitcoin's price has dropped sharply by 50% due to rising geopolitical tensions in the Middle East, causing widespread market volatility. This decline also impacted $STRC, which fell by 5%, reflecting broader negative sentiment in the crypto market. A...

Market News
Bearish
6 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App