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Bitcoin (BTC/USD) potential near-term bullish reversal emerging from the sub-$70K plunge
On Monday and Tuesday (1–2 June 2026), the cryptocurrency market absorbed a significant psychological blow. Spot BTC/USD tumbled sharply, slipping below the $70,000 psychological threshold and falling 16% over the past two weeks. It printed an intraday low of $65,370 on Wednesday, 3 June 2026. The dominant driver of this week’s movement was the revelation that MicroStrategy, the world’s largest corporate holder of Bitcoin, sold a portion of its holdings for the first time in four years. While the market impact is less about the absolute volume of the sale and more about the erosion of consensus, it effectively ... (full story)
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