60000.620
Today
-0.16%
5 Days
-3.91%
1 Month
-18.55%
6 Months
-32.04%
Year to Date
-31.59%
1 Year
-44.17%
Opening Price
60221.100Previous Closing Price
60096.000The 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.

Our preference: as long as 59560 is support look for 61530.
the downside breakout of 59560 would call for 58820 and 58380.
as long as 59560 is support look for 61530.
The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.

Bitcoin (BTC) trades around $59,000 on Wednesday after plunging to a 21-month low of $57,800, the lowest level since mid-September 2024.

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%.

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

• 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.

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.

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