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1 Jun 2026, 06:05

Bitcoin Could Slide to $70K Before Bouncing Back, Analyst Predicts

BitcoinWorld Bitcoin Could Slide to $70K Before Bouncing Back, Analyst Predicts A well-known cryptocurrency analyst has forecasted that Bitcoin (BTC) may soon test the $70,000 price level before staging a modest recovery. Benjamin Cowen, who shared his outlook on social media platform X, cautioned that recent price movements have been erratic, making short-term predictions particularly challenging. Analyst’s Outlook and Market Context In his post, Cowen stated that Bitcoin’s recent ‘random movements’ add a layer of uncertainty to technical analysis. He expects a drop to approximately $70,000, followed by a slight rebound. However, he warned that after this bounce concludes, the leading cryptocurrency is likely to retest its lows from February of this year. This perspective comes amid a period of heightened volatility for digital assets, influenced by macroeconomic factors such as interest rate expectations and regulatory developments. Implications for Investors For traders and long-term holders, Cowen’s analysis serves as a reminder of the market’s current unpredictability. A dip to $70,000 would represent a significant correction from recent highs, potentially triggering stop-losses and short-term panic. However, the predicted rebound could offer a brief opportunity for strategic entries or exits. The subsequent retest of February lows, if it materializes, would be a critical test of Bitcoin’s support levels and overall market sentiment. Broader Market Relevance Bitcoin’s price movements often set the tone for the broader cryptocurrency market. A drop to $70,000 could lead to similar corrections in altcoins, affecting portfolio valuations across the sector. Conversely, a strong defense of support levels could reinforce confidence in a longer-term bullish trend. Investors are advised to monitor key technical indicators and macroeconomic news closely, as the coming weeks may define the market’s direction for the remainder of the quarter. Conclusion While Benjamin Cowen’s forecast provides a specific price target, he emphasizes the difficulty of precise predictions in the current environment. Bitcoin’s path to $70,000 and beyond will depend on a mix of technical factors and external economic pressures. As always, market participants should approach such forecasts with caution and conduct their own research. FAQs Q1: Is Bitcoin definitely going to drop to $70,000? The prediction is an analyst’s opinion, not a certainty. Market conditions can change rapidly, and forecasts are subject to error. Q2: What could cause Bitcoin to rebound after hitting $70,000? A rebound could be driven by bargain buying, positive news, or technical support levels. However, the analyst expects any recovery to be brief. Q3: Should I sell my Bitcoin based on this prediction? No single prediction should be the basis for investment decisions. It is important to consider your own risk tolerance and consult with a financial advisor. This post Bitcoin Could Slide to $70K Before Bouncing Back, Analyst Predicts first appeared on BitcoinWorld .

1 Jun 2026, 06:03

Ripple Releases 1 Billion XRP, How Many Are Left?

San Francisco-based fintech firm Ripple has executed its scheduled monthly escrow release, unlocking one billion XRP across three separate transactions valued at over $1.33 billion, according to data from on-chain tracker Whale Alert.

1 Jun 2026, 06:02

Top Trader Says XLM Is About to See a Historic Mega Breakout. Here’s the Signal

XLM could be approaching a major technical breakout. MikybullCrypto (@MikybullCrypto), a well-known analyst, believes the next altcoin cycle could send the asset significantly higher. In a recent post, he stated that XLM could soon experience a “mega breakout,” and projected a bull market target range of $5 to $11. His chart points to a long-term structure that has developed over several market cycles. It also arrives shortly after a major catalyst for the Stellar ecosystem helped fuel the latest advance in XLM’s price . $XLM is about to experience a mega breakout in history The upcoming altcoins season will be huge The bull target price ranges between $5-$11 pic.twitter.com/v16PTNPZrJ — MikybullCrypto (@MikybullCrypto) May 31, 2026 XLM’s Repeating Structure The monthly chart highlights a series of repeating highs and lows dating back to 2017, with key turning points labeled A through E. The pattern shows XLM repeatedly finding support along a rising trendline while meeting resistance near the same horizontal zone. Points B and D mark previous peaks that reached the resistance area, while points A and C identify major lows that formed along the ascending support trendline. The latest point, labeled E, marks another successful retest of that long-term support line. XLM has once again bounced from the trendline while remaining within the broader structure that has guided price action for years. The analyst views the current setup as similar to previous periods that preceded strong upward moves. Another prominent analyst recently predicted that XRP and XLM could make millionaires soon , and the projected path on the chart shows XLM breaking above the long-standing resistance area. This would set it on a path toward substantially higher levels. XLM’s Latest Bounce The most recent upward move at point E coincided with a major development for the Stellar network. Last week, the Depository Trust & Clearing Corporation (DTCC) announced plans to connect its tokenization platform to the Stellar blockchain as part of its multi-chain strategy. The initiative aims to support tokenized representations of assets held within the traditional financial system. The announcement triggered a sharp rally, with the token posting one of its strongest advances in months. That move created the upward monthly candle visible near point E on MikybullCrypto’s chart. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The development added fresh momentum just as XLM tested a critical area of long-term support. The combination of technical strength and a major institutional blockchain integration has strengthened bullish sentiment around the asset. What’s Next for XLM? MikybullCrypto believes the current setup is the beginning of a much larger move that could culminate in a double-digit target . He expects the upcoming altcoin season to be huge, with a target range between $5 and $11 for XLM. Based on the chart, a breakout above the long-standing resistance zone would represent the next major technical milestone. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Top Trader Says XLM Is About to See a Historic Mega Breakout. Here’s the Signal appeared first on Times Tabloid .

1 Jun 2026, 06:00

Which Cryptos Are Best Positioned To Follow The Same Trajectory As Hyperliquid (HYPE)?

Hyperliquid (HYPE) has managed to break the ceiling on what was thought possible in a crypto bear market. During a time when the likes of Bitcoin and Ethereum have struggled to hold up, the perpetual decentralized exchange (DEX) saw its native token price explode by more than 60% in only one month. Following this rise, the hunt seems to be on for the next familiar token that could repeat this trajectory and hit a new all-time high despite the bear market. ASTER And LIGHTER Are Hyperliquid’s Biggest Crypto Competitors Following the success of Hyperliquid after its token launch in 2024, competitors quickly followed, making the rounds in the crypto community. So far, the biggest of these cryptos has been ASTER, which is the native token of the Aster decentralized perpetual exchange. While its growth is still a long way from that of Hyperliquid, ASTER has grown rapidly, with its open interest climbing into the billions. This makes it the only decentralized perpetual exchange besides Hyperliquid that has managed to maintain an open interest in the billions of dollars. Despite its popularity, though, the ASTER cryptocurrency has not performed as well as expected. Whereas the Hyperliquid price has already rallied to new all-time highs, the ASTER token price is approximately 70% below its $2.4 all-time high that was set back in September 2024. As a result, investors are expecting that the ASTER price could pull a similar stunt to Hyperliquid and rally again. Coming up behind ASTER is the LIT token, which is the native token of the Lighter decentralized perpetual exchange. While Lighter has seen some success, it has not been able to move into the billions of dollars in open interest like Hyperliquid and ASTER. For now, it remains in the fourth position when it comes to perpetual decentralized exchanges in terms of open interest. However, in terms of trading volume, it comes third, moving ahead of Variational Omni despite it $959 million in open interest, according to data from the CoinCodex website. On the price side, Lighter’s LIT token has performed similarly to that of ASTER. The LIT token had seen an initial run-up following its launch, reaching an all-time high of $4. However, it has fallen more than 66% from this peak, giving room for speculation that a recovery rally might be around the corner. As for Hyperliquid, the token continues to command a tremendous mindshare in the crypto market. At its current price, it boasts an outstanding $17.3 billion market cap, making it the 9th-largest cryptocurrency by market cap, ahead of the likes of Dogecoin and Cash (ZEC).

1 Jun 2026, 06:00

Spot Bitcoin ETFs post first 10-day outflow streak – What next for BTC?

Withdrawals were concentrated in BlackRock's IBIT, but traders were still well-positioned for a bullish recovery.

1 Jun 2026, 05:50

GBP/USD Consolidates Near Mid-1.3400s as Dollar Holds Firm

BitcoinWorld GBP/USD Consolidates Near Mid-1.3400s as Dollar Holds Firm The British pound is trading in a narrow range against the US dollar on Tuesday, with the GBP/USD pair consolidating around the mid-1.3400s. The currency pair is caught between a firming greenback and cautious market sentiment as traders await fresh catalysts. Dollar Strength Caps Sterling Gains The US dollar index remains supported near recent highs, buoyed by expectations that the Federal Reserve will maintain higher interest rates for longer. This has limited upside potential for the pound, despite some positive UK economic data. The GBP/USD pair has been oscillating in a tight band between 1.3440 and 1.3480 since the start of the week, reflecting a lack of directional conviction among traders. Technical Levels to Watch From a technical perspective, the mid-1.3400s region represents a key support area for the pair. A break below the 1.3400 handle could open the door for further losses toward the 1.3350 level. On the upside, resistance is seen near the 1.3500 psychological barrier, followed by the 1.3550 zone, which has capped rallies in recent sessions. The 14-day relative strength index (RSI) is hovering near 50, indicating a neutral bias and suggesting that the pair is in a consolidation phase. Market Sentiment and Key Drivers The broader market mood remains cautious as investors digest a mix of geopolitical headlines and shifting rate expectations. The Federal Reserve’s recent commentary has reinforced the narrative of a prolonged tightening cycle, which continues to underpin the dollar. Meanwhile, the Bank of England is also expected to keep rates elevated, but the pace of UK economic growth remains a concern for sterling bulls. Upcoming UK inflation data and US jobless claims figures later this week could provide the next directional catalyst for the pair. Traders are advised to monitor these releases closely for potential volatility. Conclusion GBP/USD remains in a consolidation pattern near the mid-1.3400s, with the US dollar’s strength acting as a headwind for the pound. The pair is likely to remain range-bound until fresh fundamental triggers emerge. A break above 1.3500 or below 1.3400 would signal the next directional move. FAQs Q1: What is the current GBP/USD price level? The GBP/USD pair is consolidating around the mid-1.3400s, trading in a narrow range between 1.3440 and 1.3480. Q2: Why is the US dollar remaining firm? The US dollar is supported by expectations that the Federal Reserve will keep interest rates higher for longer, which attracts investors seeking yield. Q3: What are the key support and resistance levels for GBP/USD? Key support is at 1.3400, with a break below opening the door to 1.3350. Resistance is at 1.3500, followed by 1.3550. This post GBP/USD Consolidates Near Mid-1.3400s as Dollar Holds Firm first appeared on BitcoinWorld .