Bitcoin: Drops Below $60000 on Monthly Slide
Bitcoin falls below $60000 at $59803.93, down nearly 20% this month as BTC tests lower Bollinger support amid bearish EMA50 and MACD death cross.
SourceAnalysis
Bitcoin has crashed below $60000, extending its monthly loss to nearly 20%.
Price action at $59803.93 now tests the lower Bollinger Band support at $60491.95 while the RSI(14) at 23.19 flashes oversold and the MACD death cross locks in bearish momentum below both the EMA50 at $63480.99 and EMA200 at $67930.26. Institutional flows watch for a relief bounce toward the EMA50 before any sustained reversal in this structure.
Traders updating BTC price prediction models now factor in fresh crypto market crash risks and AI industry impact on risk assets as BTC holds the line.
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