Bitcoin Slips Below $59K, Crypto Market Faces $132M in Liquidations

Bitcoin Market Overview

Technical Analysis

Bitcoin Moving Average

Relative Strength Index

Future Prediction

Future Insights on Bitcoin Price Prediction

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Bitcoin Slips Below $59K, Crypto Market Faces $132M in Liquidations

Bitcoin Market Overview

- Bitcoin price is below $59k resulting in a 3.18% decline in 24 hours

- Current Bitcoin market value dropped to 2.06$ Billion

Technical Analysis

The last 14 daily candles show a bearish divergence, which suggests a possible but unlikely price reversal.

Bitcoin Moving Average

Bitcoin's 200-day moving average has been on an upward slope since November 22, 2023, indicating a strong trend

Relative Strength Index

The RSI on the daily timeframe is within the 30-70 neutral zone, indicating a neutral price

Future Prediction

Based on the factors, the value of BTC may increase by 198.06% by 2025 in comparison with today's price

Future Insights on Bitcoin Price Prediction