Bitcoin Wave Analysis – 2 June 2026

Bitcoin: ⬇️ Sell

– Bitcoin broke support area

– Likely to fall to support level 65000.00

Bitcoin cryptocurrency recently broke the support area between the round support level 70000.00 and the support trendline of the daily up channel from February.

The breakout of this support area accelerated the active impulse C-wave of the active ABC correction from the start of May.

Given the strong daily downtrend and the bearish sentiment affecting Bitcoin today, Bitcoin cryptocurrency can be expected to fall to the next support level 65000.00 (target price for the completion of the active impulse C-wave).