Bitcoin: $400M Longs Liquidated Below $81,000

Bitcoin falls below $81,000 as over $400 million worth of levered longs liquidated in 60 minutes.

Price sits at $81253.87 inside Bollinger Bands with lower support at $81050.91 while EMA50 at $84214.6 and EMA200 at $82168.98 act as resistance. RSI(14) at 24.47 marks oversold territory and MACD at -895.28 confirms death cross, pointing to potential relief rally before further downside in this crypto market crash. Traders updating BTC price prediction models now factor the rapid deleveraging into short-term volatility forecasts.