Bitcoin: Drops to $58,000 Low in 21 Months
Bitcoin hits $58,000, its lowest level since September 2024, as $1.09 billion in liquidations wipes out 151,528 traders amid bearish 4h chart signals.
SourceAnalysis
Bitcoin fell to nearly $58,000, marking its lowest price in 21 months since September 2024, while 151,528 traders faced liquidation totaling $1.09 billion over 24 hours.
Price action at $59951.56 sits inside the Bollinger Bands with lower support at $58600.44 and faces stiff resistance from the EMA50 at $62535.5 as the MACD death cross at -1002.94 confirms the bearish trend structure, pointing to extended downside risk in this crypto market crash environment before any BTC price prediction reversal materializes.
Kashif Raza
@simplykashifThis personal account shares perspectives on technology startups and digital innovation, with content spanning AI advancements, software development trends, and entrepreneurial strategies for building tech-focused businesses.
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