Bitcoin (BTC) Price Forecast After the Close | More Selling Ahead?

AI-generated source summary

The current analysis of Bitcoin (BTCUSD) on the 1-hour timeframe suggests a strong bearish sentiment. The price is currently at approximately 65900.00 and is expected to continue its downward trend. The analysis indicates a potential target of 52700.00. This bearish outlook is invalidated if the price moves above 70000.00. The observed price action shows a clear five-wave down move, followed by what is interpreted as an ABC zigzag correction, suggesting a further leg down to complete the larger wave structure. The timeframe for this bearish continuation is not explicitly stated, but the Elliott Wave analysis implies an ongoing downward impulse, with the possibility of reaching the target in the medium term. The analysis highlights the current trend as bearish, with the expectation of further downside movement towards the identified target, contingent on the price staying below the invalidation level.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   03 Jun 2026, 19:12 UTC

   The analyst published the original source item.

2. Source recorded by Tahlil Plus

   03 Jun 2026, 19:49 UTC

   The public source was preserved as the evidence record for this case.

3. Market predictions extracted

   03 Jun 2026, 19:50 UTC

   1 eligible signal linked to this case.

4. Source processing completed

   03 Jun 2026, 19:50 UTC

   Source analysis and structured extraction completed.

5. Outcome tracking started

   04 Jun 2026, 01:01 UTC

   Tahlil Plus began monitoring the extracted predictions.

6. First prediction resolved

   03 Jul 2026, 16:16 UTC

   The first evaluable outcome in this case reached a terminal result.

7. Case evaluation completed

   03 Jul 2026, 16:16 UTC

   All evaluable predictions in this case reached terminal outcomes.