Bitcoin Price Analysis & Prediction (June 7th) – BTC Tumbles Below $26k as Bearish Pressure Continues?

After witnessing some recovery in the past week, Bitcoin topped out at resistance and initiated a heavy drop below the previous low. It lost 6% in the dip and has shown no sign of stopping at the moment. More bloodbath lies ahead. Following a bounce from the 4-hour channel’s lower boundary in mid-May…