Bitcoin: Breaks Below $60K on ETF Outflows

Bitcoin has broken below $60,000 at $59,515.25 as loss realization, ETF outflows, and defensive options positioning suppress demand despite selective accumulation over the past six months.

Price action on the 4h chart shows a bearish trend with price testing lower Bollinger support near $60,399 while EMA50 at $63,470 and EMA200 at $67,927 act as concrete resistance; RSI at 22.19 flashes oversold and MACD at -776.26 confirms the death cross, pointing to exhaustion before any relief rally.