{"id":45663,"date":"2026-06-02T13:58:44","date_gmt":"2026-06-02T13:58:44","guid":{"rendered":"https:\/\/cryptd.in\/bitcoin-btc-plunges-below-69k-heres-why-it-could-get-even-worse-soon\/"},"modified":"2026-06-02T13:58:44","modified_gmt":"2026-06-02T13:58:44","slug":"bitcoin-btc-plunges-below-69k-heres-why-it-could-get-even-worse-soon","status":"publish","type":"post","link":"https:\/\/cryptd.in\/ko\/bitcoin-btc-plunges-below-69k-heres-why-it-could-get-even-worse-soon\/","title":{"rendered":"Bitcoin (BTC) Plunges Below $69K: Here\u2019s Why It Could Get Even Worse Soon"},"content":{"rendered":"<p>The past few days have been rough for the primary cryptocurrency, whose price once again slipped below $69,000.<\/p>\n<p>One popular analyst believes the valuation could now be headed toward $65,000, while many others warn of even deeper declines ahead.<\/p>\n<h2>The Worst Has Yet to Come?<\/h2>\n<p>Bitcoin has tumbled by double digits over the past week and currently trades at around $68,600 (according to CoinGecko), while its market capitalization has fallen under $1.4 trillion.<\/p>\n<p>Some of the potential reasons for the plunge include increased tensions in the Middle East, <a href=\"https:\/\/cryptopotato.com\/mt-gox-transfers-731-million-in-bitcoin-to-a-new-wallet-time-to-worry\/\">the Mt. Gox transfers<\/a>, and Strategy\u2019s decision to sell BTC. As <em>\ud06c\ub9bd\ud1a0\ud3ec\ud14c\uc774\ud1a0<\/em> <a href=\"https:\/\/cryptopotato.com\/strategy-sold-bitcoin-but-its-not-what-you-may-think\/\">\ubcf4\uace0<\/a>, the company offloaded 32 units for approximately $2.5 million to support preferred stock distributions. Even though Strategy doesn\u2019t appear to have abandoned its BTC accumulation plan, its recent sale has likely stirred panic among investors.<\/p>\n<p>BTC\u2019s pullback has become a main topic of discussion on crypto X, with numerous market observers now envisioning further pain for the bulls. Ali Martinez, for instance, recently <a href=\"https:\/\/x.com\/alicharts\/status\/2061507317888397629\">described<\/a> the $71,300-$73,000 range as a \u201ccritical support cluster,\u201d adding that a breakdown could result in a drop to $65,000. He later <a href=\"https:\/\/x.com\/alicharts\/status\/2061723821602754894\">\ub9d0\ud588\ub2e4<\/a> the asset has broken below key levels, strengthening the bearish outlook and increasing the probability of a decline to the depicted area.<\/p>\n<p>Carl Moon and Ted are also among the pessimists. The former <a href=\"https:\/\/x.com\/TheMoonCarl\/status\/2061480334555025696\">reminded<\/a> that BTC\u2019s last two cycle bottoms occurred after nine red monthly candles, saying that the asset has had six so far during this phase.<\/p>\n<p>For his part, Ted <a href=\"https:\/\/x.com\/TedPillows\/status\/2061756432559505555\">spotted<\/a> a \u201cmassive liquidity cluster\u201d around $55,000-$65,000 that could eventually be taken out. \u201cThat doesn\u2019t mean a bounceback won\u2019t happen here, but Bitcoin hasn\u2019t bottomed yet,\u201d he claimed.<\/p>\n<p>The increased amount of BTC held on crypto exchanges is another worrying factor. CryptoQuant\u2019s data show that today (June 2), the figure has risen to roughly 2.71 million, the highest level since March. This development doesn\u2019t guarantee a further price decline but increases the immediate selling pressure.<\/p>\n<figure aria-describedby=\"caption-attachment-1438618\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/06\/BTC-Exchange-Reserve.png\"><img decoding=\"async\" class=\"wp-image-1438618 size-full\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/06\/BTC-Exchange-Reserve.png\" alt=\"BTC Exchange Reserve\" width=\"1526\" height=\"785\" \/><\/a><figcaption class=\"wp-caption-text\">BTC Exchange Reserve, Source: CryptoQuant<\/figcaption><\/figure>\n<h2>The Bullish Signal<\/h2>\n<p>Contrary to the pessimistic price predictions, BTC\u2019s Relative Strength Index (RSI) suggests a price rebound might be on the horizon. The technical analysis tool measures the speed and magnitude of recent price changes to give traders an idea about potential reversal points.<\/p>\n<p>It runs from 0 to 100, where anything below 30 indicates the asset is oversold and ready for a possible resurgence, while ratios above 70 are considered warning signs of a correction. Currently, the RSI stands at around 18, representing the lowest level since the beginning of February.<\/p>\n<figure aria-describedby=\"caption-attachment-1438620\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/06\/BTC-RSI.png\"><img decoding=\"async\" class=\"wp-image-1438620\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/06\/BTC-RSI.png\" alt=\"BTC RSI\" width=\"2184\" height=\"400\" \/><\/a><figcaption class=\"wp-caption-text\">BTC RSI, Source: CryptoWaves<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\uac8c\uc2dc\ubb3c <a href=\"https:\/\/cryptopotato.com\/bitcoin-btc-plunges-below-69k-heres-why-it-could-get-even-worse-soon\/\">Bitcoin (BTC) Plunges Below $69K: Here\u2019s Why It Could Get Even Worse Soon<\/a> \uc5d0 \ucc98\uc74c \ub4f1\uc7a5 <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">\ud06c\ub9bd\ud1a0\ud3ec\ud14c\uc774\ud1a0<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The past few days have been rough for the primary cryptocurrency, whose price once again slipped below $69,000. One popular analyst believes the valuation could now be headed toward $65,000, while many others warn of even deeper declines ahead. The Worst Has Yet to Come? Bitcoin has tumbled by double digits over the past week [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":45665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-45663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin (BTC) Plunges Below $69K: Here\u2019s Why It Could Get Even Worse Soon - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/ko\/bitcoin-btc-plunges-below-69k-heres-why-it-could-get-even-worse-soon\/\" \/>\n<meta property=\"og:locale\" content=\"ko_KR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin (BTC) Plunges Below $69K: Here\u2019s Why It Could Get Even Worse Soon - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"The past few days have been rough for the primary cryptocurrency, whose price once again slipped below $69,000. One popular analyst believes the valuation could now be headed toward $65,000, while many others warn of even deeper declines ahead. The Worst Has Yet to Come? Bitcoin has tumbled by double digits over the past week [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptd.in\/ko\/bitcoin-btc-plunges-below-69k-heres-why-it-could-get-even-worse-soon\/\" \/>\n<meta property=\"og:site_name\" content=\"cryptd.in\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-02T13:58:44+00:00\" \/>\n<meta name=\"author\" content=\"cryptd.in\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\uae00\uc4f4\uc774\" \/>\n\t<meta name=\"twitter:data1\" content=\"cryptd.in\" \/>\n\t<meta name=\"twitter:label2\" content=\"\uc608\uc0c1 \ub418\ub294 \ud310\ub3c5 \uc2dc\uac04\" \/>\n\t<meta name=\"twitter:data2\" content=\"2\ubd84\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-btc-plunges-below-69k-heres-why-it-could-get-even-worse-soon\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-btc-plunges-below-69k-heres-why-it-could-get-even-worse-soon\\\/\"},\"author\":{\"name\":\"cryptd.in\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/person\\\/7973e8183bc6723b86adfe84d5af0ce4\"},\"headline\":\"Bitcoin (BTC) Plunges Below $69K: Here\u2019s Why It Could Get Even Worse Soon\",\"datePublished\":\"2026-06-02T13:58:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-btc-plunges-below-69k-heres-why-it-could-get-even-worse-soon\\\/\"},\"wordCount\":456,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-btc-plunges-below-69k-heres-why-it-could-get-even-worse-soon\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/BTC_CB-17-Vj83Ng.jpg\",\"articleSection\":[\"Feeds\"],\"inLanguage\":\"ko-KR\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/bitcoin-btc-plunges-below-69k-heres-why-it-could-get-even-worse-soon\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-btc-plunges-below-69k-heres-why-it-could-get-even-worse-soon\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-btc-plunges-below-69k-heres-why-it-could-get-even-worse-soon\\\/\",\"name\":\"Bitcoin (BTC) Plunges Below $69K: Here\u2019s Why It Could Get Even Worse Soon - 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