Bitcoin: Crashes Below $58,000 to 652-Day Low
Bitcoin crashes below $58,000 to a 652-day low, down 54% from peak and erasing $1.34 trillion in market value.
SourceAnalysis
Bitcoin crashed below $58,000, marking a 652-day low and a 54% drop from its peak that erased $1.34 trillion in market value.
Price action at $59108.21 sits inside the Bollinger Bands with upper resistance at $60870.92, while the EMA50 at $60602.45 and EMA200 at $65550.6 define clear bearish structure. The MACD death cross at -487.81 reinforces downside momentum even as RSI(14) at 42.49 stays neutral, pointing to further tests of the lower band support near $58490.29 before any relief rally.
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