Bitcoin: 21Shares Defends 4-Year Cycle as BTC Drops Below $60K

Bitcoin trades at $59565.39 after slipping below $60K, yet 21Shares maintains the asset has not broken its 4-year halving cycle. Historical Bitcoin 4-year halving cycle performance shows similar drawdowns in prior cycles without invalidating the pattern, and BTC price behavior after 2024 halving continues to track those precedents closely.

Price now tests the lower Bollinger Band support at $60415.58 while the RSI(14) at 22.36 flashes deeply oversold; the EMA50 at $63471.64 and EMA200 at $67927.88 act as stacked resistance, and the MACD death cross at -772.26 reinforces near-term bearish momentum. A bounce from oversold territory toward the $63471 level appears probable before any sustained move lower.