Bitcoin hits $71K with potential for short-term consolidation, Momin Saqib expects

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Bitcoin at $71K, consolidation likely ahead

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Hanna Syniavska

01.06.2026

Bitcoin hits $71K with potential for short-term consolidation, Momin Saqib expects — Bitcoin at $71K, consolidation likely ahead

Momin Saqib highlights that Bitcoin has arrived at the $71,000 region, describing it as a strong area for swing trading.

He anticipates some consolidation at these levels over the coming days, followed by a possible reversal. Saqib advises caution, noting that a daily close below $69,000 could indicate increased uncertainty and the likelihood of revisiting recent lows. He remains confident in the broader outlook.

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Saqib previously said his Bitcoin plan would remain intact as the market approached the $71,000 level, noting strong performance in related assets including AI tokens and perpetual contracts in recent commentary. He has also reported on the use of AI tools to recover 5 BTC that had been locked for nine years after unsuccessful password attempts, according to a separate account. These updates highlight his focus on technical levels and technology-driven developments in crypto markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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