Bitcoin Daily Analysis: BTC Below All EMAs at $58,774 Resistance
Market Overview BTC/USDT is currently trading at $58,774–$58,778, sitting below all major EMAs across every timeframe — a structurally bearish configuration. On the daily chart, price has failed to reclaim the EMA7 ($59,809) and trades well beneath the EMA20 ($62,066), EMA50 ($66,310), and EMA200 ($76,236), confirming a sustained downtrend from the cycle highs. The Bollinger…
