NewsBTC •
June 3, 2026 at 01:20 •
Analysis
Bitcoin price started a fresh decline below the $70,000 zone. BTC is consolidating and might continue to move down if it dips below $66,000. Bitcoin failed to stay above $70,500 and extended losses. The price is trading below $70,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance near $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $67,500 and $68,500 levels. Bitcoin Price Nosedives Bitcoin price failed to stay above the $72,000 support zone. BTC remained in a bearish zone and extended losses below the $70,500 level. There was a move below the $70,000 level. The price even dipped below $67,200. A low was formed at $66,111 and the price is now c...
