Bitcoin falls below $64,000 amid signs of collapsing market sentiment
Today, Thursday, the price of Bitcoin fell below $64,000, with sellers breaching the May price range, leading to the liquidation of positions Trading value exceeded 1.6 billion US dollars within 24 hours, indicating a sharp deterioration in market sentiment.
Since last May 11, the Bitcoinnearly $400 billion of its market value, while analysts warn that failure to hold on to the support levels at $60 or $55,000 may exacerbate the downward pressure.
The relative strength index of the most famous digital currency in the world fell to 18.69, indicating a state of oversold; However, downward momentum remains strong, suggesting that buyers have not yet regained control in the near term.
The platform’s cumulative trading volume has reached… "Binance" to its highest level in 4 months, indicating that physical trading volume supported selling pressure during falling prices, adding to market uncertainty.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
