Bitcoin Slides to $70,000 After Losing $72K–$79K Cost Basis Zone, Analysts Say

On June 1, 2026, Swissblock said Bitcoin was "on the edge of a breakdown" after losing a key "Cost Basis Zone" that had supported prior consolidation. In early Asian trading on Tuesday, BTC fell to $70,000, down 3.8% on the day and 8% over the week, while analysts pointed to downside risk if price fails to reclaim the $72,000–$79,000 range.