Bitcoin: Falls Below $61,000 After $18,000 Drop

Bitcoin fell below $61,000 on June 5 2026, extending losses of $18,000 over the prior ten days amid sustained selling pressure. Price at $60,880 sits inside the Bollinger Bands with lower support at $60,439 while the EMA50 at $68,704 and EMA200 at $74,328 act as firm overhead resistance in the prevailing bearish trend. The MACD death cross at -2,390 confirms momentum remains negative, yet the RSI(14) reading of 22.1 marks extreme oversold conditions that often precede short-term relief bounces before the next leg lower in this crypto market crash phase. Traders tracking BTC price prediction models now watch whether the lower band holds or yields to fresh downside targets.