8 hours ago
3
Key Takeaways
- The next Fibonacci support below current price is $57,904.
- Weekly RSI at 32.07 has not been this low since 2022.
- 24-hour selling pressure remains active with no stabilization confirmed yet.
Bitcoin is trading at $59,880 at time of writing, having broken beneath $60,000 and currently trading below it for the second time since the February drop. The move comes after a weekly decline of 18%, the steepest single-week percentage loss since the FTX exchange collapsed in November 2022, which produced a 34% drop before price found a temporary floor. In the past 24 hours alone, Bitcoin shed another 5.5%, confirming the selling pressure has not yet stabilized.
Bitcoin’s price chartBitcoin broke above $60,000 in March 2024 during the ETF-driven rally and held it as support consistently from tha...
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