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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)
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From investinglive.com | 9 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, ...
