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)