Invest ideasNews
2 Jun 2026, 14:00
SKYAI breaks multi-month downtrend – Is the $0.60 target within reach?
SKYAI's breakout gained strength as volume, Open Interest, and bullish positioning increased.
2 Jun 2026, 13:58
Bitcoin (BTC) Plunges Below $69K: Here’s Why It Could Get Even Worse Soon
The past few days have been rough for the primary cryptocurrency, whose price once again slipped below $69,000. One popular analyst believes the valuation could now be headed toward $65,000, while many others warn of even deeper declines ahead. The Worst Has Yet to Come? Bitcoin has tumbled by double digits over the past week and currently trades at around $68,600 (according to CoinGecko), while its market capitalization has fallen under $1.4 trillion. Some of the potential reasons for the plunge include increased tensions in the Middle East, the Mt. Gox transfers , and Strategy’s decision to sell BTC. As CryptoPotato reported , the company offloaded 32 units for approximately $2.5 million to support preferred stock distributions. Even though Strategy doesn’t appear to have abandoned its BTC accumulation plan, its recent sale has likely stirred panic among investors. BTC’s pullback has become a main topic of discussion on crypto X, with numerous market observers now envisioning further pain for the bulls. Ali Martinez, for instance, recently described the $71,300-$73,000 range as a “critical support cluster,” adding that a breakdown could result in a drop to $65,000. He later said the asset has broken below key levels, strengthening the bearish outlook and increasing the probability of a decline to the depicted area. Carl Moon and Ted are also among the pessimists. The former reminded that BTC’s last two cycle bottoms occurred after nine red monthly candles, saying that the asset has had six so far during this phase. For his part, Ted spotted a “massive liquidity cluster” around $55,000-$65,000 that could eventually be taken out. “That doesn’t mean a bounceback won’t happen here, but Bitcoin hasn’t bottomed yet,” he claimed. The increased amount of BTC held on crypto exchanges is another worrying factor. CryptoQuant’s data show that today (June 2), the figure has risen to roughly 2.71 million, the highest level since March. This development doesn’t guarantee a further price decline but increases the immediate selling pressure. BTC Exchange Reserve, Source: CryptoQuant The Bullish Signal Contrary to the pessimistic price predictions, BTC’s Relative Strength Index (RSI) suggests a price rebound might be on the horizon. The technical analysis tool measures the speed and magnitude of recent price changes to give traders an idea about potential reversal points. It runs from 0 to 100, where anything below 30 indicates the asset is oversold and ready for a possible resurgence, while ratios above 70 are considered warning signs of a correction. Currently, the RSI stands at around 18, representing the lowest level since the beginning of February. BTC RSI, Source: CryptoWaves The post Bitcoin (BTC) Plunges Below $69K: Here’s Why It Could Get Even Worse Soon appeared first on CryptoPotato .
2 Jun 2026, 13:48
Trader says XRP price setting ‘biggest bear trap’ after June monthly open
XRP trades below key macro support, but analysts say reclaiming it could trigger one of the biggest bear traps.
2 Jun 2026, 13:30
Bitcoin Moves Into Accumulation Zone That Will Send It On Next All-Time High Run To $250,000
Crypto analyst Aralez has revealed that Bitcoin is entering an accumulation zone that could propel it to a new all-time high (ATH). The analyst signaled that BTC could rally to as high as $250,000 in the next bull market. Analyst Reveals Bitcoin Entering Major Accumulation Zone In an X post, Aralez stated that Bitcoin is near a major accumulation zone, with BTC following a similar script to past bear market cycles. He noted that the leading crypto saw losses of 87%, 84%, and 77.5% from its cycle highs in 2013, 2017, and 2021, respectively. Now, Bitcoin is down around 42% from its October 2025 high of $126,000. Related Reading: Bitcoin Is Still Following This Descending Channel Pattern And The Endgame Shows The Bottom The analyst’s accompanying chart showed that Bitcoin could bottom around $40,000 in this bear market before it then rallies to a new all-time high in the next bull run. The bottom is expected to happen between now and the start of next year. Meanwhile, the chart also showed that BTC could rally to as high as $250,000 by 2029. Aralez’s analysis comes amid Bitcoin’s recent decline, with the leading crypto dropping below $71,000 and now at risk of dropping below the psychological $70,000 level. The latest decline came as Michael Saylor’s Strategy announced that they sold 32 BTC. This was the first time that the largest Bitcoin treasury firm has sold BTC since 2022, when it sold for a tax-loss harvesting transaction. At the same time, a U.S.-Iran peace deal is looking unlikely anytime soon, which is also bearish for Bitcoin. Iran had suspended negotiations with the U.S. over ceasefire violations, which caused BTC to drop below $71,000. The leading crypto also failed to record any notable bounce, even as U.S. President Donald Trump said that negotiations were still ongoing. BTC Breaks 4-Month Ascending Channel In another X post, Aralez revealed that Bitcoin had just broken a 4-month ascending channel and that it had lost a key support after testing the $70,000 zone. The analyst then outlined what he expects next from BTC’s price action, with an acceptance below $73,000 happening and then a liquidity sweep around $70,000. Related Reading: Bitcoin Enters Buy Zone That Previously Led To A 660% And 1,700% Rally The analyst further stated that a relief bounce could follow, with a retest near $74,000, then a move lower towards $65,000, $60,000, and finally $58,000. He also warned that a mini rally is likely over and that the broader trend still points toward new local lows. Aralez added that there may be short-term bounces, but expecting a fresh push above $83,000 could be costly. At the time of writing, the Bitcoin price is trading at around $70,500, down over 3%, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
2 Jun 2026, 13:18
Ethereum staking rate hits all-time high of 32.42%: Supply tightens, price falls
More on Ethereum USD Bitcoin Held The $75K Test, But Options Confirmation Is Still Narrow Bitcoin And Ethereum Technical Outlook: Cryptos Fail To Generate Momentum Continuous Confusion Bitcoin's Upside Signal Faded; Ethereum Remains The Fragile Side Prices, policy, pressure, flows all in action: What's happening in crypto market? Donald Trump's 'saved crypto industry' bullish claim—but market voted bearish
2 Jun 2026, 13:17
Bitcoin Falls Under $70k as Donald Trump Tells Iran to Sign ‘Documents of Surrender’
Bitcoin price fell below $70,000 for the first time since April 7 as crypto markets faced renewed selling pressure. BTC dropped roughly 3.8% to 4.9% during the session, reaching intraday lows between $69,325 and $69,690 before recovering slightly. The decline came as traders reacted to a mix of geopolitical tension, which caused nearly $800 million in leveraged positions to be liquidated across the broader crypto market, according to data from CoinGlass. The move also followed a Trump-style post shared by the @TrumpTruthOnX commentary account, which called for Iran to admit defeat and sign “Documents of Surrender.” The post said Iran should acknowledge that its navy was “resting at the bottom of the sea,” that its air force was “no longer with us,” and that its remaining military should leave Tehran with weapons dropped and hands raised. The post also criticized major U.S. media outlets and Democrats, saying they would portray Iran as victorious even under a surrender scenario. The message drew attention as traders monitored U.S.-Iran talks, military exchanges, and the future of shipping access through the Strait of Hormuz. U.S.-Iran Tensions Add to Market Stress Bitcoin’s drop came as negotiations between the United States and Iran remained unstable. Iran’s negotiating team reportedly paused communication through mediators, while military exchanges continued to test a fragile regional ceasefire. President Donald Trump said negotiations were continuing “at a rapid pace” and expressed hope that a deal could reopen the Strait of Hormuz. Reports also said delays were tied to requested changes in a draft agreement and Iranian concerns over past U.S. compliance. Iran also demanded a halt to expanding Israeli military operations against Hezbollah in Lebanon as part of the conditions for a final peace agreement with the United States. The regional tension added to risk-off trading across crypto markets. Bitcoin supply in loss also rose to about 40.6%, showing that a large share of circulating value is now held below its acquisition cost. Historical data shows that past cycle lows have formed when this metric moved into higher loss zones, though each new cycle has required a lower loss threshold than earlier ones. Source: CryptoQuant The current reading shows market stress, but it has not yet reached the upper band that has marked some past accumulation zones. Bitcoin remains below its former support at $71,305, while $68,589 is the next near-term level traders are watching. ETF Outflows and Equity Rotation Weigh on Crypto Spot Bitcoin ETFs recorded their 10th to 11th straight day of net outflows, with total withdrawals estimated between $2.97 billion and $3.5 billion during the streak. The outflows added pressure to Bitcoin as institutional demand weakened. At the same time, U.S. equities continued moving higher. The S&P 500 pushed above 7,600 points to record levels as investors continued buying artificial intelligence-related stocks. That shift showed capital moving toward traditional equity markets while crypto remained under pressure. Bitcoin also failed to follow other risk assets higher. BTC moved near $69,631 on Bitstamp while major stock indexes advanced. The divergence added to the view that crypto markets were facing their own liquidity and positioning pressures. Source: X Trader Ardi said the loss of $72,500 was important because Bitcoin had broken multiple support levels across different timeframes. He said the next major liquidity area was around $68,700 unless BTC quickly reclaimed the lost range. Indicators have also pointed to weakness after Bitcoin fell through another Timescape level. The trading resource said the $68,000 to $69,000 range would be the next test. It also said a further decline could bring the 200-day simple moving average back into focus. BTC Loses $70,000 Support, What Next? Bitcoin’s fall below $70,000 came after the asset broke several major short-term technical levels. The price lost the lower boundary of an ascending channel that had supported its recovery through April and May. According to crypto analyst Ali Charts, BTC also moved below the 100-day simple moving average, which is often used as a medium-term trend marker. A break below that line can show that short-term momentum has shifted away from buyers. Source: X Another key level lost during the sell-off was the 0.5 Fibonacci retracement near $71,305. That area had acted as support, but it may now become resistance if Bitcoin attempts a rebound. The latest chart data showed BTC hovering near $69,944, with immediate support around $68,589. A daily close below that level could increase the chance of a move toward $65,230. If selling continues beyond that range, the wider downside level sits near $59,789. On the upside, Bitcoin would need to reclaim $71,305 to reduce immediate bearish pressure. A stronger recovery would require a move above $74,020, which lines up with the broken channel support. Higher resistance levels remain near $77,887 and $82,811.
