Bitcoin: Drops Below $60K First Time Since 2024
Bitcoin falls under $60K for the first time since 2024 as 4h chart shows bearish EMA structure and oversold RSI at 27.36.
SourceAnalysis
Bitcoin slipped back under $60K for the first time since 2024 on June 5 2026.
Price now sits at $61299.62 inside the Bollinger Bands with lower support at $60230.91. The 4h structure remains bearish as price trades below both EMA50 at $68399.54 and EMA200 at $74203.92, while MACD prints a death cross at -2416.15. RSI at 27.36 signals oversold conditions that often precede short-term bounces toward the upper band resistance near $68650.09 before any sustained recovery.
Traders watching BTC price prediction models now factor in potential crypto market crash continuation if the lower band breaks, with Bitcoin technical analysis pointing to further downside tests of the 2025 lows.
Evan
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