BTC/USD is entering the final days of May with downwards momentum as it balances above the $73,500 mark as of this writing and before June trading begins.
Bitcoin’s momentum upwards from April continued into the first week of May. But since coming into sight of $83,000 on the 6th of May, BTC/USD has run into headwinds. And since the end of the second week of May, Bitcoin has begun to stumble and actually produce downwards trajectory. As of this writing the digital currency is near the 73,500.00 ratio, a price realm not seen since the middle of April in a sustained manner.
While some Bitcoin admirers were quick to say in April that BTC/USD had turned a corner and that upwards mobility would become true, it appears folks started to cash in profits made after April’s rise. As the month of June gets set to start a few shadows are on the horizon that will be of interest for those paying attention to BTC/USD and wagering upon the digital currency.
Volumes Still Lackluster and Mediocre Interest
Bitcoin was all the rage for speculators just a couple of years ago, but there is no denying that trading volumes in BTC/USD have eroded. Day traders participating in Bitcoin are largely doing so by wagering via CFD offerings from their brokers platforms. Most bets on BTC/USD have to be done with conservative amounts of money because of the size of one Bitcoin. Real trading in the digital currency sphere are done mostly by whales who are effecting tidal shifts it often appears.
This past week upon its publication for its upcoming IPO offering, SpaceX showed that it owns 18,712 Bitcoin. This while Strategy, run by Michael Saylor, owns 843,738 Bitcoin reportedly. The amount of Bitcoin owned by SpaceX is large but is microscopic compared to what SpaceX’s valuation will be after its IPO. Meaning those who had hoped that Elon Musk would influence his corporate treasury and become a massive holder of Bitcoin, like Strategy, is highly unlikely to play out. In fact there is a lot of negative news regarding cryptocurrency scams regarding folks who were selling tokens claiming they would offer a way to be involved in the SpaceX IPO, which have turned out to be false and likely criminal.
Top Regulated Brokers
Chance of Bad Sentiment Being Generated
The bad news surrounding the crypto scams and tokens for SpaceX will do Bitcoin no favors regarding sentiment. However, experienced Bitcoin speculators/investors are likely to turn a blind eye to the nonsense surrounding the talk of crypto fraud which does not involve Bitcoin at all.
Except if Bitcoin continues to find downwards momentum then it could find talking points, particularly as SpaceX is offered via its IPO launch in the second week of June.
If BTC/USD enters June traversing barely over 73,000.00 or even lower this negative force will start to become a louder talking point.
While Bitcoin has no skin in the game per the SpaceX IPO, Bitcoin has always been about marketing and influencers.
Negative associations even if not true could cause additional pressure on Bitcoin.
Per a one month chart BTC/USD is at its lowest point, but via a three month chart, the digital asset is within the middle of its value technically.
Bitcoin Outlook for June 2026:
Speculative price range for BTC/USD is $58,000.00 to $84,000.00
BTC/USD has shown an incremental lower price value since the 14th and 15 of May, but it has not achieved wild velocity downwards. Yet, this might not be a particularly good sign for Bitcoin because it may mean that sellers have thus far stayed somewhat polite. There is always a fear in BTC/USD of volatility turning into uncontrollable velocity. Day traders are wagering on BTC/USD perceptions generated largely by sentiment being heard in the marketplace.
If BTC/USD were to fall below the $70,000.00 ratio this could set off loud alarm bells in some circles and bad news could generate more selling. The speed that Bitcoin can move via its value has been well-documented, but it must be said since BTC/USD has attracted large institutional money along the lines of BlackRock involvement and others that it tends to move at a slower pace. Where things could get interesting for Bitcoin is if it starts to challenge weaker values. A look at a 6 month chart shows that from early February until early April that BTC/USD was traversing lower and dangerous values.
Ready to trade Bitcoin forecasts & predictions? We’ve shortlisted the best MT4 crypto brokers in the industry for you