Bitcoin Update – 6 June 2026

This will be a shorter update because, at the moment, the picture is still not entirely clear.

The last few weeks have been very difficult for the crypto market.

• Ethereum has dropped roughly 40% in a month

• Bitcoin has fallen around 25% from the highs

In the June report, I highlighted the period between 2–5 June as an important window for a potential bottom.

On 5 June, Bitcoin printed a low at approximately 59,080, while my calculated square price support was 59,560. Once again, price came very close to a pre-calculated level and reacted from that area.

The question now is:

Have we already bottomed?

If the cycle is running in its normal form, I would cautiously say yes.

However, as I explained in the monthly report, these planetary cycles can sometimes invert. If that has happened over the last week, then the more likely scenario would be another leg down into either 12 June or 14 June, both of which are important pivot dates this month.

If that bearish scenario develops, the next downside targets would be in the 48k–52k region.

These targets are derived from measured moves using:

• The decline from 6 October to 21 November

• The decline from 14 January to 6 February

Both project into the same area, creating a cluster of support.

For now, the most important level to watch is:

62,000

A break and close above 62k would give me much more confidence that the low is already in, at least for the short term.

Until then, caution is still warranted.

The next pivot date is 8 June.

If price continues higher into that date, we should be looking closely for signs of rejection, as pivots can often act as temporary highs before the next move unfolds.

As always, let price confirm the direction. The timing windows give us the opportunity, but market structure determines whether the pivot becomes a high, a low, or simply a pause before continuation.

More updates soon.

Bitcoin Astro