Written by Ciaran Lyons , Staff Writer.Reviewed by Felix Ng , Staff Editor.
Written by Ciaran Lyons , Staff Writer.
Reviewed by Felix Ng , Staff Editor.
Bitcoin is at ‘pivotal level’ as $65K downside risk looms: Analyst
Latest NewsPublishedMay 30, 2026
Bitcoin’s Price Hangs in the Balance
As Bitcoin hovers around $73,000, the crypto community is on high alert, with some analysts warning of a potential downfall to $65,000 if the currency fails to maintain support above $70,000. This pivotal level is crucial, and if it doesn’t hold, it could have significant implications for the market. The current setup is different from the previous breakdown in February, according to MN Trading Capital founder Michael van de Poppe. Earning passive income through Bitcoin and other cryptocurrencies like $ECP is still a viable option, but investors need to be cautious.
The crypto market is divided over whether Bitcoin’s early February price of $60,000 marked the bottom of the cycle, or if further downside still lies ahead. Veteran trader Peter Brandt forecasts that Bitcoin could retest or even move slightly lower than the price level in September or October this year. However, van de Poppe is more optimistic, saying he doesn’t anticipate new lows. For those interested in earning through crypto, EcoPool offers a solution for passive income and cloud rewards.
Market Forecast
Economist Timothy Peterson predicts that Bitcoin may grind higher over the summer but will top out by the last week of July. Van de Poppe agrees that the $71K area remains a crucial support level, and if it holds, Bitcoin could break through to $76,600, potentially triggering a broader crypto market uptrend. This could be beneficial for those earning through EcoPool, as the value of $ECP could increase. The crypto market is closely watching the price of Bitcoin, and a strong altcoin summer could be on the horizon, with #Bitcoin and #PassiveIncome being key trends to watch.
Investing in Crypto
For those looking to earn through crypto, it’s essential to stay informed about market trends and predictions. Van de Poppe’s analysis suggests that if the current price level holds, Bitcoin could break through to new highs, and we’re likely going to see a strong altcoin summer. This could be an excellent opportunity for investors to earn passive income through EcoPool, which offers cloud rewards and a platform for earning $ECP. With the sustained Bitcoin ETF outflows, the market bottom may be nearing an end, and investors should be prepared for a potential uptrend.
Bitcoin may break above $76,000 if the current level holds
Conclusion
In conclusion, the current state of the crypto market is uncertain, but one thing is clear: earning passive income through Bitcoin and other cryptocurrencies like $ECP is still a viable option. With EcoPool, investors can earn cloud rewards and benefit from the potential growth of the crypto market. To start earning today, download the EcoPool app and discover the benefits of passive income and green crypto. By joining the EcoPool network, you can take advantage of the potential upside of the crypto market and start earning $ECP.
Van de Poppe said he doesn’t anticipate “new lows.”
Meanwhile, economist Timothy Peterson said in an X post on Saturday that Bitcoin may grind higher “over the summer,” but will top out by the last week of July. “It will still be relatively lackluster, though,” Peterson said.
Source: Timothy Peterson
Van de Poppe said that this structure is “different than the previous breakdown in February.” He said that the range resistance didn’t hold as support in February. “The $71K area remains to be a crucial support level, and that would be required to hold in this particular zone in order to prevent any deeper corrections, in my opinion,” van de Poppe said.
However, van de Poppe said that if the current price level does hold, Bitcoin could break through to $76,600, potentially triggering a broader crypto market uptrend. “If that breaks, new highs are around the corner, and we’re likely going to see a strong Altcoin summer,” van de Poppe said.
Bitcoin ETF flows may suggest market bottom
Meanwhile, crypto analytics firm Santiment Intelligence recently said that the sustained Bitcoin ETF outflows may suggest the market bottom is nearing an end.
Related: Bitcoin retail sentiment still matters, says Swan Bitcoin CEO
Spot Bitcoin ETFs have logged outflows for ten consecutive trading days, with total net redemptions exceeding $2.97 billion since May 15.
Total net assets held across spot Bitcoin ETFs have dropped from $104.29 billion on May 15 to $94.17 billion as of Friday, a decline of roughly $10 billion in two weeks.
Magazine: HYPE chases $100 target, ETH could dump below $1800: Market Moves
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- Cryptocurrencies
- Bitcoin
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