Bitcoin (BTC) was the focus of attention on June 1st, as the disappointing monthly close brought its price down. According to data from Cointelegraph Markets Pro and TradingView, BTC/USD slid below $27,000, erasing its weekend uptrend, and returned back to its familiar trading range. Furthermore, BTC/USD filled a gap in CME futures that had been outstanding since the weekend. While some traders, such as Jelle, predicted a breakout to $30,000, other traders, such as Daan Crypto Trades and Skew, remained risk-averse until a clearer market direction emerged. DecenTrader cautioned that Bitcoin’s trading signals were “moderately bearish” and flagged downside support levels, while noting that the cryptocurrency was “still straddling” in terms of liquidity.
Last BTC price dip before a $30K breakout? Bitcoin wipes weekend gains
