The Bitcoin price recovery back in May 2026 triggered a renewed wave of 
bullish optimism. But despite the rising prices, there are some who did not 
give in to the bullish wave, picking a more conservative stance on the 
cryptocurrency. With the new month, those who refused to flip bullish look to 
have come out on top as the Bitcoin price has reversed. However, some analysts 
are predicting that this might only be the start of the decline. Bitcoin Price 
Could Be Getting Ready To Fall To New Cycle Lows According to crypto analyst 
Xanrox, the Bitcoin price crash was expected, given that the cryptocurrency 
has entered one of the most brutal bear markets in recent history. One very 
bearish development is the fact that the Bitcoin price has now fallen below 
two major channels. Related Reading: The Last Time Ethereum Did This Against 
Bitcoin, It Exploded Above $4,000 These channels include a descending channel, 
which was broken with the fall below $71,000. Then, the other broken channel 
is an ascending channel, broken at almost the same time as the descending 
channel. The result of these two channels being broken, the analyst explains, 
is a double breakdown. The thing about double breakdowns is that they are 
extremely bearish and often suggest that the crash is just starting. With the 
Bitcoin crash already in motion, the crypto analyst expects that the price 
will continue to go lower. Despite there being significant support around the 
$60,000 level, which has served as the psychological support this cycle, the 
analyst does not believe this level will hold. Instead, they suggest holding 
off buying as the price is expected to drop to $48,000, with a strong 
possibility of a crash to the $40,000-$30,000 levels. What Investors Should 
Watch Out For Presently, there is a major outflow happening in the crypto 
market, and Bitcoin, being the leading cryptocurrency, has taken the highest 
hit. The bear market has also pushed a significant number of users out as they 
move toward cash in a market that seems to offer nothing but losses. Related 
Reading: Pundit Shares Why Most People Will Miss The XRP Run Xanrox also 
suggests that the banks are now controlling the Bitcoin price. According to 
the post, the banks could push the price down 20% in a single day once they 
start selling on futures. This would put major stress on investors as retail 
traders are liquidated en masse. In this case, losses were expected to be 
amplified as the market made its final downward move. Nevertheless, there is 
the possibility that bulls will put up a major fight at $60,000, since it is 
the cycle’s swing low. Featured image from Dall.E, chart from TradingView.com

The Bitcoin price recovery back in May 2026 triggered a renewed wave of bullish optimism. But despite the rising prices, there are some who did not give in to the bullish wave, picking a more conservative stance on the cryptocurrency. With the new month, those who refused to flip bullish look to have come out &#8230;

Analyst Who Predicted the Bitcoin Crash Says Price Could Reach $40,000, Here’s When

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and impact crypto compliance amid shifting sanctions dynamics.
The post Iran agrees to transfer part of uranium to third country, shaking up 
geopolitical risk calculus appeared first on Crypto Briefing.

Iran&#8217;s uranium transfer could reshape global oil markets, influence inflation, and impact crypto compliance amid shifting sanctions dynamics. The post Iran agrees to transfer part of uranium to third country, shaking up geopolitical risk calculus appeared first on Crypto Briefing.

Iran agrees to transfer part of uranium to third country, shaking up geopolitical risk calculus

Zcash (ZEC) has faced fresh scrutiny after a patched Orchard Pool 
vulnerability sparked a dispute over whether the privacy coin’s users and 
investors still face hidden risks. Dragonfly partner Haseeb Qureshi said the 
market may be treating the bug as…

Zcash (ZEC) has faced fresh scrutiny after a patched Orchard Pool vulnerability sparked a dispute over whether the privacy coin’s users and investors still face hidden risks. Dragonfly partner Haseeb Qureshi said the market may be treating the bug as…

Dragonfly holds ZEC as Orchard bug debate raises new questions

AirTrunk&#8217;s massive investment could position India as a global data hub, 
accelerating digital transformation and economic growth.
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cloud growth appeared first on Crypto Briefing.

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The influx of tech mega-IPOs may strain existing equities, potentially 
reshaping market dynamics and investor strategies over time.
The post SpaceX, Anthropic, and OpenAI IPOs could drag equity markets for 
years, warns Rob Arnott appeared first on Crypto Briefing.

The influx of tech mega-IPOs may strain existing equities, potentially reshaping market dynamics and investor strategies over time. The post SpaceX, Anthropic, and OpenAI IPOs could drag equity markets for years, warns Rob Arnott appeared first on Crypto Briefing.

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Apple&#8217;s AI advancements and Siri overhaul could redefine user interaction, 
emphasizing privacy while potentially boosting investor confidence.
The post Apple unveils AI strategy, Siri overhaul and iOS 27 at WWDC 2026 
appeared first on Crypto Briefing.

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Analyst Who Predicted the Bitcoin Crash Says Price Could Reach $40,000, Here’s When

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