Retest of $55k Seen Possible for Bitcoin -- Market Talk

Dow Jones06-05

1309 ET - Bitcoin has more room to fall, says Lacie Zhang of Bitget. In a note, Zhang pegs the new support level for bitcoin as low as $55,000. That would put bitcoin back at levels last seen in 2024. "Crypto may be pricing in macro stress faster, not just reflecting it," says Zhang, adding that what is pressuring bitcoin should soon come for equities, despite the recent strength in AI stocks. "Crypto's 24/7 structure, higher leverage, and more reactive retail base mean it often front-runs macro moves, both on the way down and in recovery," says Zhang. "A retest of $55K-$57K remains possible if outflows persist, but crypto may already be closer to clearing this episode than equity markets are." (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

June 04, 2026 13:09 ET (17:09 GMT)

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That would put bitcoin back at levels last seen in 2024. \"Crypto may be pricing in macro stress faster, not just reflecting it,\" says Zhang, adding that what is pressuring bitcoin should soon come for equities, despite the recent strength in AI stocks. \"Crypto's 24/7 structure, higher leverage, and more reactive retail base mean it often front-runs macro moves, both on the way down and in recovery,\" says Zhang. \"A retest of $55K-$57K remains possible if outflows persist, but crypto may already be closer to clearing this episode than equity markets are.\" (kirk.maltais@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2026 13:09 ET (17:09 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Retest of $55k Seen Possible for Bitcoin -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRetest of $55k Seen Possible for Bitcoin -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-05 01:09</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1309 ET - Bitcoin has more room to fall, says Lacie Zhang of Bitget. In a note, Zhang pegs the new support level for bitcoin as low as $55,000. That would put bitcoin back at levels last seen in 2024. \"Crypto may be pricing in macro stress faster, not just reflecting it,\" says Zhang, adding that what is pressuring bitcoin should soon come for equities, despite the recent strength in AI stocks. \"Crypto's 24/7 structure, higher leverage, and more reactive retail base mean it often front-runs macro moves, both on the way down and in recovery,\" says Zhang. \"A retest of $55K-$57K remains possible if outflows persist, but crypto may already be closer to clearing this episode than equity markets are.\" (kirk.maltais@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2026 13:09 ET (17:09 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CBXY","symbol_name":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2641169420","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2641169420","pubTimestamp":1780592940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1309 ET - Bitcoin has more room to fall, says Lacie Zhang of Bitget. 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In a note, Zhang pegs the new support level for bitcoin as low as $55,000. That would put bitcoin back at levels last seen in 2024. \"Crypto may be pricing in macro stress faster, not just reflecting it,\" says Zhang, adding that what is pressuring bitcoin should soon come for equities, despite the recent strength in AI stocks. \"Crypto's 24/7 structure, higher leverage, and more reactive retail base mean it often front-runs macro moves, both on the way down and in recovery,\" says Zhang. \"A retest of $55K-$57K remains possible if outflows persist, but crypto may already be closer to clearing this episode than equity markets are.\" (kirk.maltais@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  June 04, 2026 13:09 ET (17:09 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2641169420","isCrawlerRequest":true}