59648.950USD
Today
-6.22%
5 Days
-18.85%
1 Month
-25.31%
6 Months
-35.21%
Year to Date
-31.99%
1 Year
-42.92%
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: the downside prevails as long as 62840 is resistance.
the upside breakout of 62840, would call for 63560 and 63990.
the downside prevails as long as 62840 is resistance.
Bitcoin (BTC) has breached below $60,000 at press time on Friday, recording a 20% crash so far this week. Institutional selling and weak derivatives weigh on Bitcoin’s pullback, deepening downside risks as buyers lose the critical $60,000 support band.

Ripple (XRP) extends its downtrend, trading around $1.09 at the time of writing on Friday, its lowest level since November 2024.

Tradingkey - June 5: Bitcoin is approaching a break below the $60,000 threshold. As of press time, it is down 5.24% at $60,463.21, marking its lowest price since February 6. On the news front, the cryptocurrency market is currently experiencing a wave of concentrated selling triggered by a "collapse of faith." MicroStrategy (MSTR), the world's largest corporate holder of Bitcoin, reportedly broke its years-long "buy only, never sell" iron rule. The company recently sold 32 Bitcoins; although the transaction size was minuscule, it triggered panic in the market far exceeding its actual magnitude.

Cryptocurrency prices remain under pressure as a risk-off mood persists on Friday, with Bitcoin (BTC) consolidating its losses above $62,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), are extending their weakness, trading near lower support levels around $1,600 and $1.12, respectively.

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty.

TradingKey - During the June 5 Asian trading session, Bitcoin extended its multi-day slide, falling more than 3.5% within 24 hours. It briefly dipped below $62,000 during intraday trading, hitting a low of $61,100. Since its recent peak of $82,500 on May 6, Bitcoin has recorded a cumulative three-week decline of approximately 26%. As of press time, Bitcoin was trading at $62,688. With a weekly decline exceeding 16%, it is on track for its largest single-week drop since November 2022.

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