63549.290USD
Today
-2.20%
5 Days
-15.49%
1 Month
-19.39%
6 Months
-32.11%
Year to Date
-27.55%
1 Year
-39.84%
Opening Price
65498.000Previous Closing Price
64977.270The 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.

The configuration is negative.
the upside breakout of 63280, would call for 64010 and 64440.
the downside prevails as long as 63280 is resistance.
The primary drivers of this sharp decline include the U.S.-Iran conflict fueling inflation and suppressing rate-cut expectations, MicroStrategy’s first-ever coin sale, and collective sell-offs by spot ETFs and whales. However, mining rigs are currently approaching shutdown levels, while the RSI and sentiment index have entered extreme oversold and panic territory, suggesting the market has hit production costs. The 60,000 level is expected to provide strong support.

TradingKey - During the Asian trading session on June 4, Bitcoin continued its multi-day plunge, briefly falling below the $62,000 mark to as low as $61,338. As of press time, Bitcoin was trading at $63,844 as intraday losses narrowed. The 24-hour decline stands at approximately 3.6%.

Bitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.

The cryptocurrency market remains largely under pressure on Wednesday amid escalating tensions in the Middle East. After plunging from its May high of $82,823, Bitcoin (BTC) is showing signs of stabilization, consolidating above the key $67,000 support level.

Bitcoin (BTC) price hovers above $67,000 at press time on Wednesday, signaling a mild recovery after reaching a two-month low of $65,426 earlier on the day.

Bitcoin's decline has weighed on XRP, but the token holds two trump cards and is poised for a counterattack against short sellers at any time.

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