Resistance

Band

Drops

Daily

<ul>
 <li><strong>Spot Bitcoin ETFs bled $733.43M on May 27 led by BlackRock IBIT shedding $527.84M alone.</strong></li>
 <li><strong>BTC dropped below the bear market resistance band on the daily with the SAR at $78,015 holding overhead.</strong></li>
 <li><strong>Analyst Benjamin Cowen flags June as the historical weak point in midterm years with a Q4 low as the likely cycle bottom.</strong></li>
</ul>
<p>Bitcoin trades at $73,396 on May 28, down 1.24% after losing the bear market resistance band on the daily chart, as spot ETF outflows accelerate and the 0.5 Fibonacci level at $75,574 fails to hold as support.</p>
<h2 class="wp-block-heading" id="h-btc-daily-chart-rejected-at-75-574-and-the-0-382-fib-at-71-898-is-now-exposed">BTC Daily Chart: Rejected at $75,574 and the 0.382 Fib at $71,898 Is Now Exposed</h2>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img width="1287" height="952" src="https://coinedition.com/wp-content/uploads/2026/05/image-630.png" alt="">
  <figcaption><a href="https://in.tradingview.com/symbols/BTCUSD/" rel="noopener noreferrer nofollow"><em>BTC/USD Daily Price Action (Source: TradingView)</em></a>
  </figcaption>
 </figure>
</div>
<p>The daily chart rejected cleanly off the 0.5 Fibonacci level at $75,574 after a brief recovery attempt in May. Price is now pressing lower with the SAR at $78,015 sitting well above, keeping the daily bias firml…</p>
<p>Read The Full Article <a href="https://coinedition.com/bitcoin-price-prediction-btc-drops-below-bear-market-resistance-band/" rel="noopener noreferrer nofollow">Bitcoin Price Prediction: BTC Drops Below Bear Market Resistance Band</a> On <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin Price Prediction: BTC Drops Below Bear Market Resistance Band

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