Bear Market Bottomless? Bitcoin Dips Target $40,000 to $50,000 Range, Pessimism Grows

BlockBeats News, June 2nd, as Bitcoin saw a sharp decline today, several crypto market participants shared their views on the current market situation. Renowned Bitcoin market analyst PlanB predicted that the probability of Bitcoin falling below $61,000 is over 50%. He believes that the probability of Bitcoin dropping below $61,000 or even $53,000 is over 50%, implying that the market may still face further downward pressure in the future.

Crypto KOL Quindecimus Peak stated, "The automatic trend indicator alert shows that the Bitcoin 3-day line has entered a new downward trend, and a new round of decline in the second half of the bear market has begun, with a bear market bottom target of $42,000 to $44,000."

The top performer on Binance's contract trading real account leaderboard, 0xPickleCati, posted in their personal channel, saying, "Speak of the devil, and he shall appear. Do not try to catch the falling knife in a bear market; in a few months, you may find that there is no bottom."