Bitcoin’s fall below $60,000 last Friday capped its worst week since the collapse of Sam Bankman-Fried’s FTX exchange in 2022. The forces currently at work seem almost harmless compared with those events, but that is exactly what worries analysts, who warn that the token’s modest rebound may prove short-lived as structural weaknesses are exposed. Bloomberg writes about this.
Despite the recent recovery in the cryptocurrency market, it is noted that there have been no significant changes in the technical outlook for the price of $XRP. According to analyses, despite recent attempts to rise, $XRP continues to move within a descending price channel and has been unable to break the broader downtrend.
Bitcoin plunged sharply below the $66,000 level after a new escalation of tensions between the United States and Iran. On Coinbase, the price of $BTC fell to as low as $65,385, marking its lowest level since late March.
Cardano continues to face significant pressure this week as weak market structure, declining derivatives activity, and uncertainty within the ecosystem have heavily weighed on market sentiment. ADA was trading near $0.216 after another failed recovery attempt, while traders monitored growing concerns surrounding the potential shutdown of the Cardano analytics platform TapTools.
Solana has completed eight consecutive months of negative performance for the first time in its history. As of June 1, 2026, SOL was trading around $81 despite on-chain metrics remaining at levels that would have been considered highly bullish just a year ago.
Bitcoin price started a fresh decline below the $74,000 zone. $BTC is consolidating and might struggle to stay above the $72,000 support.
Bitcoin’s ($BTC) loss of gains since the start of the month may signal the arrival of seasonal weakness at the beginning of summer, reflected in the saying “sell in May and go away.”
The leading cryptocurrency, Bitcoin ($BTC), weakened and fell to the $75,000 level, in contrast to the upward trend in global stock markets. Major altcoins such as XRP, Ethereum ($ETH), and Solana ($SOL) also declined during the same period.
In recent weeks, Bitcoin surpassed the $82,000 mark, triggering strong excitement around a potential bull market. Some analysts argue that this rally is still in the early stages of a bullish cycle.
Bitcoin is trading at $76,818 on May 20 after falling below $77,000, as spot Bitcoin ETFs recorded nearly $1 billion in outflows across just two trading sessions. At the same time, stablecoin dominance continues to maintain a breakout structure, while analysts remain sharply divided on whether the market is entering a major accumulation phase or whether the broader bear market is still ongoing.
According to a report cited by CoinDesk, K33 Research analysts said the current Bitcoin bear market differs from the cycles seen in 2014, 2018, and 2022.
According to Bitstamp data, Bitcoin dropped to a low of $77,614 on 16 May. Several factors added pressure to the market simultaneously, including concerns over the US bond market, geopolitical tensions, and the threat of another wave of inflation.
Peter Brandt warned that Bitcoin has not yet formed a clear bottom, citing a possible bearish channel extending from the February low. His key trigger is an ATR close below $79,145, which he says could signal the resumption of a downward trend.
According to CryptoQuant analyst MorenoDV_, the Bitcoin bull-bear market cycle indicator has entered the “early bull” zone for the first time since March 2023. The shift comes as the asset trades near a major resistance area after rebounding from its late-March support zone.
Bitcoin is once again facing downward pressure as a key technical indicator is signaling concern.
Crypto analyst Caleb Franzen shared a comprehensive assessment of Bitcoin’s recent price movements. According to Franzen, although the current attempt at a bullish trend differs in some aspects from the failed breakout attempts in January 2026, it is still too early to say that a new bull market has begun.
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