Bitcoin: Falls Below $60,000 With $1.5B Liquidations

Bitcoin falls below $60,000 as selling pressure accelerates and total levered crypto liquidations reach $1.5 billion over the last 24 hours.

BTC trades at $60,864.92 inside the Bollinger Bands with lower support at $60,137.02. The 4-hour chart shows a bearish structure as price sits below both EMA50 at $68,382.49 and EMA200 at $74,199.59 while MACD prints a death cross at -2,450.83. RSI at 24.22 flashes oversold, creating confluence at the lower band that often precedes short-term exhaustion before any retest of higher resistance near $68,700.