-
Bitcoin tests $59,000 as stablecoin dominance confirms risk-off pressure
Bitcoin remains pinned to the most important line in the current crypto market. BTC wicked below the June 5th low for a second day in a row on Thursday, reaching $58,115, while daily RSI slipped into oversold territory at 24.95. The market is still fighting, but the working expectation remains that BTC loses $59,000 and moves toward $49,000 next. chart BTC continues to put up a fight around the same support area, but the repeated wicks below the June 5th low are not a clean bullish signal. The chart has now pierced lower two days in a row, and the daily close around $59,000 remains the important trigger. If that ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
*IRAN, US OPEN COMMUNICATION LINE TO COORDINATE ON HORMUZ: TV Iran's Press TV: A communication line between the US and Iran in the Strait of Hormuz has been established.
UAE ISSUES PHONE ALERTS OF POTENTIAL MISSILE THREATS UAE sends an alert saying the situation is now safe. Explosion sounds heard in Dubai News sources report hearing explosion sounds in Dubai. UAE SENDS ALERT SAYING 'PLEASE DISREGARD THE PREVIOUS WARNING'
From investinglive.com | 6 hr ago
Bitcoin has spent today's session chopping around the $60,000 level, trading between a low of $58,241 and a high of $60,656. Yesterday's low of $58,035 was the weakest level since September 17, 2024. From a technical perspective, the recent slide has pushed the price below its 200-week moving average, currently at $62,446. Over the previous four weeks, ...
