58882.470
Today
+0.31%
5 Days
-5.70%
1 Month
-20.07%
6 Months
-32.87%
Year to Date
-32.87%
1 Year
-45.21%
Opening Price
58645.450Previous Closing Price
58702.010The 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: the downside prevails as long as 59240 is resistance.
the upside breakout of 59240, would call for 59970 and 60400.
the downside prevails as long as 59240 is resistance.
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.

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

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.

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