Key facts
- Bitcoin opened below $67,000 on June 3, 2026.
- Ethereum opened below $2,000 on June 3, 2026.
- Analyst Aralez predicts major downside for Bitcoin and crypto in Q2 2026.
- Aralez forecasts Bitcoin could drop to $58,000 in Q2 2026.
- Aralez predicts Bitcoin could reach $100,000 by the end of 2026.
On June 3, 2026, Bitcoin opened below $67,000 and Ethereum below $2,000. Pseudonymous crypto analyst Aralez predicts a bearish second quarter (Q2) for the crypto market, with Bitcoin potentially falling to $58,000. Aralez anticipates a shift in Q3 2026, with Bitcoin entering a capitulation phase followed by accumulation by large players, coinciding with expected Federal Reserve interest rate easing. This sets the stage for a significant surge to close out the year, with Bitcoin predicted to reach $100,000 by the end of 2026, driven by AI narratives and increased crypto liquidity, potentially leading to at least a 30% increase. Traders on prediction markets are pricing a significant downside move for bitcoin, with Polymarket traders putting 62% odds on Bitcoin dropping below $60,000 this June. As of 3:30 p.m. EDT on June 4, 2026, bitcoin was trading at $63,826, down roughly 2.8% on the day.