Bitcoin Rebounds from 21-Month Low, Surpasses $59,000

Bitcoin has staged a rapid recovery after testing its lowest level in 21 months, climbing above $59,000. This move suggests a temporary easing of selling pressure in the market. However, pressure on the cryptocurrency market persists. Weakening expectations for Fed rate cuts, a strong dollar, and institutional investor sales pose downside risks for Bitcoin and other digital assets. Experts note that macroeconomic factors will continue to influence cryptocurrency prices. In particular, the US central bank's monetary policy stance and the strengthening dollar index are limiting investor risk appetite. This is not investment advice.

📊 BTC — Piyasa Yorumu

■ neutral · 60%

Although Bitcoin has recovered from its 21-month low to trade above $59,000, technical indicators do not provide a clear direction. The RSI is neutral at 57, while the MACD remains negative but is approaching its signal line. The price has closed above the 20-day SMA ($58,795) but is trading just below the 50-day SMA ($59,482). This suggests a sideways trend or limited upside potential in the short term. While the news creates a positive sentiment, the technical picture warrants caution.

RSI 14

57.2

MACD

-120.18

24h Δ

-0.26%

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