63341.990USD
Today
-0.42%
5 Days
-15.77%
1 Month
-19.65%
6 Months
-32.33%
Year to Date
-27.78%
1 Year
-40.04%
Opening Price
63816.990Previous Closing Price
63608.400The 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: rebound towards 65060.
below 62950, expect 62220 and 61780.
rebound towards 65060.
Bitcoin (BTC) has fallen below $64,000 on Thursday amid weakening market demand and mounting selling pressure from short-term holders (STHs).

Cryptocurrencies are trading under pressure on Thursday, weighed down by risk-off sentiment driven by Middle East tensions and macroeconomic uncertainty. Bitcoin (BTC) has extended its decline below $65,000 and is targeting the key support area at $60,000.

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.

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