CRAIG COBB: BITCOIN’S BEARISH TREND IS STILL INTACT

CRAIG COBB: BITCOIN’S BEARISH TREND IS STILL INTACT

From Daily Crypto News by Matt Diemer

June 1, 2026 · 11 min

About this episode

Craig Cobb discusses the ongoing bearish trend in Bitcoin and his investment strategy during market downturns.

Craig Cobb says the market continues to look overwhelmingly bearish, and from his perspective, the recent price action has only reinforced that view. While many investors disappear when prices fall, Craig says these are the periods that get him most excited because they create opportunities for long-term accumulation. Having remained largely in cash throughout the downturn, he is now watching closely for signs that Bitcoin could offer a more attractive reentry point. The key level Craig continues to focus on is the $74,000 area. This zone previously acted as major resistance before becoming support following President Trump's election victory rally. Last week, Bitcoin broke below that level and has since struggled to reclaim it. On both the daily and weekly charts, Craig sees a clear pattern of lower highs and lower lows, with the two-week timeframe also showing what he considers a textbook downtrend. To him, the trend remains firmly bearish until proven otherwise. Craig is also paying close attention to the monthly chart. May closed as a bearish month after Bitcoin failed to hold above $80,000, and he believes a break below the May low near $72,460 could open the door for…

People in this episode

Host: Matt Diemer

Guest: Craig Cobb

Topics covered

  • Bitcoin
  • bearish trend
  • market analysis
  • long-term accumulation
  • investment strategy

Keywords

  • Bitcoin
  • bearish trend
  • investment
  • Craig Cobb
  • Ethereum
  • market analysis
  • support levels

Mentioned in this episode

Organizations: President Trump's election victory rally

Products: Bitcoin, Ethereum

More episodes of Daily Crypto News

Explore listener stats, chart rankings, contacts and more on the Daily Crypto News podcast page.