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Bitcoin Tests 72K Support as Bearish Channel Forms After Heavy ETF Outflows

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Bitcoin Tests 72K Support as Bearish Channel Forms After Heavy ETF Outflows

June 1, 2026

Bitcoin Tests as Bearish Channel Forms After Heavy ETF Outflows

Bitcoin is facing strong pressure right now. The price has slipped into a bearish channel after dropping below important support levels. ETF outflows, higher oil prices, and fresh geopolitical worries are all adding to the negative mood

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