{"id":175643,"date":"2026-06-05T22:30:15","date_gmt":"2026-06-05T22:30:15","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=175643"},"modified":"2026-06-05T22:30:15","modified_gmt":"2026-06-05T22:30:15","slug":"bitcoins-crash-has-broken-below-a-4-month-support-but-theres-still-one-more-play-left","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=175643","title":{"rendered":"Bitcoin\u2019s Crash Has Broken Below A 4-Month Support, But There\u2019s Still One More Play Left"},"content":{"rendered":"

Bitcoin (BTC) has been in a sharp downtrend over the past two weeks, facing steady declines as selling pressure, market volatility, and negative sentiment<\/a> weigh on its price. During one of its recent market crashes, a crypto analyst noted that BTC had officially broken below a critical four-month support level, leaving the cryptocurrency in a precarious position. The expert now outlines what could happen next, and none of the scenarios suggested point to a fresh bull run<\/a>\u2014rather, Bitcoin may be headed for an even deeper bear market decline.\u00a0<\/p>\n

Bitcoin Price Crash Breaks Key Support<\/h2>\n

Crypto market expert Aralez announced<\/a> in an X post on June 2 that Bitcoin had officially broken a critical four-month support level that had been holding its price steady. The latest decline saw the cryptocurrency lose more than 8% of its value in a single day, falling below $69,000.\u00a0<\/p>\n

Aralez explained that Bitcoin\u2019s first goal during this bearish phase was to fill the Chicago Mercantile Exchange (CME) gap<\/a> in the $74,000 \u2013 $81,000 range. His accompanying price chart shows that the CME gap was completely filled earlier in May when Bitcoin briefly climbed above $80,000<\/a>. At the time, the cryptocurrency had been trading within a tight ascending channel, defined by an upper resistance trendline and a lower support line.\u00a0<\/p>\n

This channel had guided BTC\u2019s price up until its latest crash, which saw it break below the pattern\u2019s lower boundary near $70,000. Since crossing $80,000, Bitcoin has entered a rather frightening downtrend, recently crashing below $63,000<\/a> after losing the $70,000 support.\u00a0<\/p>\n

At the time of writing, Bitcoin is trading just above $62,000<\/a>, down more than 2.3% in the past 24 hours and over 15% in the last seven days. Analysts tracking this bearish trend add that further declines could still occur until a bottom forms below $60,000<\/a>, officially ending the bear phase.<\/p>\n

As for Aralez, he noted that a sharp sell-off immediately after hitting upside targets is usually a strong indication that the cryptocurrency\u2019s downside momentum<\/a> is far from over. As a result, he predicts that Bitcoin\u2019s next move is likely a brief bounce to higher levels before another full-blown price crash to fresh lows.<\/p>\n

Analyst Outlines BTC\u2019s Final Bearish Play<\/h2>\n

In his analysis, Aralez outlined his roadmap for Bitcoin over the next 30 to 60 days. He first predicted that BTC could bounce back to the $71,000-$72,000 range and consolidate there for a bit. Afterward, the analyst expects the cryptocurrency to decline<\/a> sharply toward lower-liquidity levels of $65,000-$63,000.<\/p>\n

Once that range is reached, Aralez forecasts a brutal sweep below $60,000, suggesting a potential Bitcoin bottom<\/a> near $55,000. He cautioned investors not to mistake the current market for the start of a new bull run. Instead, he said the market looks more like a classic bull trap<\/a> that could catch many investors off guard.\u00a0<\/p>\n

He added that the Bitcoin path with the least resistance points to lower levels. As the cryptocurrency continues its decline, he urged traders and investors to avoid becoming exit liquidity.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) has been in a sharp downtrend over the past two weeks, facing steady declines as selling pressure, market volatility, and negative sentiment weigh on its price. During one of its recent market crashes, a crypto analyst noted that BTC had officially broken below a critical four-month support level, leaving the cryptocurrency in a […]<\/p>\n","protected":false},"author":0,"featured_media":175644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-175643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/175643"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=175643"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/175643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/175644"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=175643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=175643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=175643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}