Bitcoin [BTC] was down 3.4% in the past 24 hours, with $104.38 million in liquidations. Of these, $91.66 million worth of positions were long and were forced to close as BTC dipped deeper below $60k. In a post on X, influencer CryptoRover shared a piece of technical analysis. The price chart outlined the descending triangle pattern that Bitcoin made in 2021-2022, and the RSI also formed a similar structure.