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Bitcoin: Falls to 2-Month Low After Strategy Sells BTC | Flash News Detail | Blockchain.News
Latest Update
6/1/2026 2:55:00 PM

Bitcoin: Falls to 2-Month Low After Strategy Sells BTC

Bitcoin: Falls to 2-Month Low After Strategy Sells BTC

Bitcoin drops to $71531.79 after Strategy sells BTC and ETFs flip negative for the year, with 4h chart showing bearish death cross and oversold RSI.

Source

Analysis

Bitcoin fell to a two-month low at $71531.79 after Strategy sold BTC holdings and spot ETFs recorded net outflows for 2026.

Price action on the 4h chart shows a bearish trend with price testing lower Bollinger support near $72298.56 while EMA50 at $74506.4 and EMA200 at $76412.93 cap any recovery as resistance. RSI(14) at 24.09 signals oversold conditions yet MACD at -536.84 confirms the death cross, pointing to further downside pressure before a potential bounce in BTC price action amid ongoing crypto market selloff.


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