Bitcoin: Drops to $59,000 Level Last Seen in October 2024
Bitcoin falls to $59,000, unseen since October 2024 and 52% below ATH, as 4h chart shows RSI at 26.56 oversold with bearish MACD death cross.
SourceAnalysis
Bitcoin drops to around $59,000, a price level not seen since October 2024, roughly 602 days ago, and nearly 52% down from its all-time high.
Price action on the 4h chart reveals a bearish trend with BTC trading inside the Bollinger Bands near lower support at $59138.25 while RSI(14) sits at 26.56 in oversold territory and MACD registers a death cross at -2386.13; this confluence points to potential exhaustion at the lower band before any relief rally toward EMA50 resistance at $67512.9.
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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