Analyst Aralez Says Bitcoin's Drop Below $60,000 May Not Be Over After June 6 Post

After Bitcoin rebounded from last week's dip below $59,000, analysts say the market is still debating whether the sell-off has ended or if more downside could follow. In a June 6 X post, Aralez argued the decline may be in its early stages, with a possible bounce toward $71,000 before a deeper move to $46,000–$48,000. He added that a later accumulation phase after a bottom could set up the next broader uptrend.