Bitcoin: Holds $58K Through Crises, No New Low

Bitcoin has held $58K for six months through the Iran conflict, STRC de-peg, Saylor drama, inflation fears and SpaceX IPO liquidity drain without printing a new cycle low.

With price at $62623 on the 4h chart, the bearish trend structure shows EMA50 at $63225.4 and EMA200 at $63847.0 acting as concrete resistance while MACD death cross at -81.13 confirms downside momentum; RSI at 38.13 remains neutral yet price tests the lower Bollinger support at $62766.09, creating confluence where any bounce off that floor targets upper resistance at $64942.34 before retesting EMA50 support.