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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
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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.

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