According to Mlion.ai analysis, the current price of BTC is $58,232.91, showing a decline from yesterday. In the past 24 hours, BTC's lowest price was $56,118.9 and the highest reached $59,792.08, indicating significant market volatility. Over the past 30 days, Bitcoin's highest price was $69,982.9, while the lowest dropped to $49,507.24.
From a technical indicator perspective, BTC's price fluctuations over the past 7, 30, and 90 days reveal market uncertainty. Particularly in the last 7 days, Bitcoin's price peaked at $62,575.31 and bottomed at $56,297.67. This sharp volatility could be related to market sentiment and external economic factors.
From an investment advice standpoint, the current 15-minute technical indicators suggest a "buy," whereas the 1-hour, 4-hour, as well as daily and weekly technical indicators all recommend "sell." This suggests there may be short-term rebound opportunities, but the overall trend remains downward.
Additionally, Bitcoin currently holds a global market cap dominance of 55.76%, underscoring its steady leadership in the cryptocurrency market. However, investors should pay attention to recent market dynamics and relevant economic policies as these factors will continue to influence Bitcoin's price.
In summary, Bitcoin is currently in an adjustment phase and may continue to experience volatility in the short term. Investors are advised to remain vigilant and closely monitor market dynamics to make timely decisions.
For more info, visit mlion.ai. This is purely informational and not investment advice. Investing is risky—proceed with caution!
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