[Bear Market Bottomless? Bitcoin's Downside Target Points to the $40,000 to $50,000 Range as Pessimism Rises] BlockBeats News, June 2: Renowned Bitcoin market analyst PlanB predicts that the probability of Bitcoin falling below $61,000 exceeds 50%. He believes the likelihood of Bitcoin dropping below $61,000 or even $53,000 is over 50%, suggesting that the market may still face further downward pressure in the future. Crypto KOL Gin Gin Pick stated, 'The automated trend indicator alert shows that Bitcoin's 3-day chart has entered a new downtrend, signaling the start of a new round of declines in the latter half of the bear market, with the bear market bottom target at $42,000–$44,000.' Binance contract leaderboard's top trader 0xPickleCati wrote on their personal channel, 'Speak of the devil, and he shall appear. Don't try to guess the bottom in a bear market; in a few months, you might realize there is no bottom.' [Original Link]