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Bitcoin Hits $70K After Losing Key Cost Basis Zone as Analysts Warn of Deeper Drawdown
Jun 2, 2026
< 1 min read
by George Georgiev
for CryptoPotato
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On Monday onchain analytics firm Swissblock warned Bitcoin is "on the edge of a breakdown" after losing its key Cost Basis Zone. The firm says that loss has already triggered a decisive drawdown, indicating increased downside risk for BTC price and a short-term bearish outlook for the crypto market.
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Bitcoin is on “the edge of a breakdown,” reported onchain analytics firm Swissblock on Monday.
The analysts noted that the loss of the “Cost Basis Zone” has already triggered a decisive drawdown.
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In This News
Coins
$ 63.07K
-4.37%Predictions Markets
See what traders are focused on
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