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Bitcoin

BTCUSD

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58882.470

+180.460+0.31%

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Market Movers:Bitcoin (BTCUSD) Fluctuated Significantly on Jul 1: Key Variables Behind the Move

Discussions

View Detailed Chart

TradingKey 图表

Time

15m

30m

Today

+0.31%

5 Days

-5.70%

1 Month

-20.07%

6 Months

-32.87%

Year to Date

-32.87%

1 Year

-45.21%

View Detailed Chart

TradingKey 图表

Key Data Points

Opening Price

58645.450

Previous Closing Price

58702.010

Price Range of the Day

57778.84059427.000

52-Week Price Range

58098.830126073.430

Indicators



The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.

This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.

Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

15m

30m

15m

D

Sell

Sell(9)

Neutral(2)

Buy(0)

Indicators

Sell(3)

Neutral(2)

Buy(0)

Indicators

Value

Direction

MACD(12,26,9)

-26.263

Sell

RSI(14)

32.357

Neutral

STOCH(KDJ)(9,3,3)

16.806

Oversold

ATR(14)

2097.644

Low Volatility

CCI(14)

-98.253

Neutral

Williams %R

85.903

Oversold

TRIX(12,20)

-0.493

Sell

StochRSI(14)

23.491

Sell

Moving Average

Sell(6)

Neutral(0)

Buy(0)

Indicators

Value

Direction

MA5

59549.672

Sell

MA10

60463.348

Sell

MA20

62344.101

Sell

MA50

68143.144

Sell

MA100

71201.969

Sell

MA200

75196.082

Sell

Bitcoin Trading Strategy

Intraday

Medium Term

Short Term

Trading Strategy

Our preference: the downside prevails as long as 59240 is resistance.

Alternative scenario

the upside breakout of 59240, would call for 59970 and 60400.

Comment

the downside prevails as long as 59240 is resistance.

44 minutes ago

Source: Trading Central(Reference Only)

Bitcoin News

Bitcoin Price Trend Forecast: Continued ETF Outflows Limit Bitcoin Price Rebound Space, $58,000 Becomes Key Level for Bulls and Bears

TradingKey - As of the European trading session on July 1, the price of Bitcoin (BTC) fluctuated around $58,700. It hit a new year-to-date low of $57,800 earlier in the day before staging a modest recovery, though it still failed to reclaim the $60,000 threshold. From a technical perspective, Bitcoin prices have trended downward recently, dragged down by continuous outflows from Bitcoin ETFs. Year-to-date, Bitcoin has accumulated a decline of 33%.

TradingKey42 minutes ago

Bitcoin Faces Bear Trap. What Signals Are Released After Rapidly Surging Post Brief Dip Below $58,000?

Bitcoin's rapid rebound today after dipping below $58,000 reflects a technical rally following a short-term decline, rather than a trend reversal.

TradingKey4 hours ago

Bitcoin (BTCUSD) Fluctuated Significantly on Jul 1: Key Variables Behind the Move

• Bitcoin experienced a technical rebound after testing support near the 200-week moving average. • Persistent institutional capital outflows from spot ETFs continue to restrict Bitcoin's upside momentum. • A shift toward corporate capital preservation adds further supply pressure on current market valuations.

TradingKey5 hours ago

Crypto Overview: Stellar, Pyth Network extend rebound amid broader market stress

The broader cryptocurrency market remains heavy, with Bitcoin (BTC) trading below $59,000 at press time on Wednesday, as US President Donald Trump weighs an all-out war with Iran but opts for diplomatic talks.

Fxstreet6 hours ago

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC recovers from fresh yearly low, ETH and XRP consolidate at key levels

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are showing early signs of stabilization on Wednesday after a recent correction.

Fxstreet6 hours ago

Bitcoin drops near $58K as ETF outflows surge, downside risks persist

Bitcoin (BTC) could see a short-term relief from heavy selling pressure as quarter-end portfolio rebalancing could potentially revive spot BTC exchange-traded funds (ETFs) inflows, according to a K33 report on Tuesday.

Fxstreet7 hours ago

More Details of Bitcoin

In January 2009, Bitcoin was launched as a decentralized cryptocurrency, originally detailed in a 2008 whitepaper by an individual or group under the pseudonym Satoshi Nakamoto. This peer-to-peer digital currency enables direct transactions between equal, independent participants without requiring intermediaries. Nakamoto designed Bitcoin to facilitate “online payments to be sent directly from one party to another without going through a financial institution.” While earlier concepts for decentralized electronic currencies existed, Bitcoin is distinguished as the first cryptocurrency to achieve practical implementation.

Is Bitcoin anonymous?



No, Bitcoin is not completely anonymous. While user identities are encrypted, all Bitcoin transactions are publicly recorded on the blockchain, so Bitcoin is more accurately described as "pseudonymous" rather than fully anonymous.

Who developed Bitcoin?



Bitcoin was originally described in a 2008 whitepaper by a person or group of people using the pseudonym Satoshi Nakamoto. Nakamoto launched the Bitcoin network in January 2009 and mined the first block, known as the genesis block. While Nakamoto was the original inventor, the Bitcoin code has been contributed to by over 750 developers over the years, with key contributors including Gavin Andresen, Wladimir J. van der Laan, Marco Falke, Pieter Wuille, and others.

Why is the Bitcoin price so volatile?



The Bitcoin price tends to be very volatile because Bitcoin is a new and speculative asset. The price can fluctuate a lot based on factors like news, regulations, and adoption rates. The relative youth and speculative nature of the Bitcoin market contributes to its high price volatility.

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58882.470

+180.460+0.31%