Bitcoin: Crashes Below $60000 With $482M Liquidations
Bitcoin crashes below $60000, down 5.70% in five hours as $68 billion market cap vanishes and $482 million longs liquidated.
SourceAnalysis
Bitcoin crashes below $60000, down 5.70% in five hours and erasing $68 billion from its market cap while $482 million in long positions liquidated over four hours.
Price action now sits at $59479.14 against the lower Bollinger Band support at $60387.32. The 4-hour structure remains bearish with price below both EMA50 at $63468.25 and EMA200 at $67927.02, while MACD prints a fresh death cross at -779.14.
RSI at 22.07 signals deep oversold conditions yet offers no immediate reversal signal until price reclaims the $60387.32 band. Traders watch for any bounce toward the $63468.25 EMA50 before further downside tests in this BTC price prediction environment amid ongoing crypto market crash pressure.
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