Bitcoin Price Prediction: June Starts With a Broken Chart and the Biggest ETF Exit in Months
Share:
Spot Bitcoin ETFs recorded $483.76M of outflows on June 1 led by BlackRock IBIT with $440.29M, while BTC traded at $70,261 on June 2 amid accelerating ETF exits. Technicals show BTC has broken below the ascending channel lower trendline for a second time with all four EMAs and the SAR overhead, and analyst Benjamin Cowen projects a $70K tag, a brief bounce, then a revisit of February 2026 lows near $60,000. The heavy ETF outflows and channel breakdown highlight downside risk for crypto price action and market sentiment.
Predictions Markets
See what traders are focused on
- Spot Bitcoin ETFs bled $483.76M on June 1 with BlackRock IBIT leading at $440.29M in a single day
- BTC broke below the ascending channel lower trendline for the second time with all four EMAs and SAR overhead
- Benjamin Cowen calls for a $70K tag followed by a bounce then a revisit of February 2026 lows
Bitcoin trades at $70,261 on June 2, breaking below the ascending channel that recovered price from the February lows, as spot ETF outflows accelerate into the new month and analysts increasingly point toward the February 2026 lows as the June destination.
BTC June 2026 Price Outlook: Second Channel Break and February Lows Back in Play
BTC built an ascending channel from the February lows near $60,000 through the May high near $83,000, then broke below the lower trendline. Price recovered briefly back inside the ch…
Read The Full Article Bitcoin Price Prediction: June Starts With a Broken Chart and the Biggest ETF Exit in Months On Coin Edition.
Read More
Bitcoin’s selloff is creating the short-heavy setup that could reverse it fast
