Bitcoin Price Falls to 1.08e-06 Amid Bearish Signals and Low Volume

2025-09-23 06:01

Bitcoin's price (SHELLBTC) dropped to 1.08e-06 on September 22, 2025, as trading volume remained low and bearish technical indicators prevailed. The cryptocurrency formed a bearish engulfing pattern at 1.23e-06, followed by a failed rebound and consolidation around 1.11e-06. The Relative Strength Index (RSI) entered oversold territory, and volatility increased overnight, causing the price to fall from 1.23e-06 to 1.04e-06. The 24-hour trading volume reached 384,048.2 contracts, with a nominal volume of approximately 382.2 contracts. Technical indicators, including the Moving Average Convergence Divergence (MACD) and Bollinger Bands, indicate continued downward pressure on Bitcoin's price.

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