Bitcoin Wave Analysis – 5 June 2026

Bitcoin: Sell

– Bitcoin broke support level 60000.00

– Likely to fall to support level 55000.00

Bitcoin cryptocurrency recently broke the support level 60000.00 (which stopped the previous sharp downward impulse wave (5) at the star of February).

The breakout of the support level 60000.00 follows the earlier breakout of the support level 65000.00 (low of the previous correction (2)).

Given the overriding daily downtrend, Bitcoin cryptocurrency can be expected to fall to the next support level 55000.00 – target for the completion of the active impulse wave (C).