According to a market analysis published by Cointelegraph on June 3, Bitcoin is currently facing the risk of dropping below the $65,000 mark. The report suggests that while near-term selling pressure has intensified, a decline toward the $60,000 zone could attract a wave of buyer interest, setting the stage for a robust defense.
The $60,000 level is widely regarded as a critical psychological and technical support in the current bull cycle. Historical price data shows that this area has repeatedly served as a springboard for upward reversals, and market participants are closely monitoring whether it can once again hold firm.
The broader analysis covered a range of major crypto assets, including Ethereum, BNB, XRP, Solana, HYPE, Dogecoin, Zcash, Cardano, and Stellar. Despite this wide coverage, Bitcoin's price action remains a key barometer for overall market direction, given its outsized influence on sentiment and liquidity across the cryptocurrency space.