Bitcoin Drops Below $60,000

Bitcoin experienced a sharp sell-off on Friday, losing up to 6% and falling to $59,770. This decline marks the first time the cryptocurrency has dropped below $60,000 since October 2024. Increasing selling pressure in the market is negatively impacting investor risk appetite, while Bitcoin's short-term support levels are being tested. Analysts note that for potential recovery signals following this move, the price needs to sustain above $60,000. This is not investment advice.

📊 BTC — Piyasa Yorumu

▼ down · 65%

Bitcoin has fallen below $60,000, presenting a technically weak outlook. Although the RSI at 36.75 is approaching oversold territory, the MACD line remains below the signal line and in negative territory, confirming short-term downward momentum. The price trading below the 20- and 50-day moving averages suggests the downtrend may continue. However, oversold conditions could trigger some buying interest, so the bearish expectation is high but not certain.

RSI 14

36.8

MACD

-797.17

24h Δ

-4.52%

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