Bitcoin: Correction Eyes $74,000 Support Test

Bitcoin markets are falling as BTC holds at $77132.58, with Michaël van de Poppe mapping a main path toward the $74,000 support zone to close the correction.

Altcoins remain resilient while BTC price prediction models now hinge on whether price reclaims $78,000 or extends lower.

Price action shows a bearish trend structure with the EMA50 at $78747.7 capping upside and the EMA200 at $74095.64 providing distant floor, while the MACD death cross at -398.76 reinforces downside momentum; with price testing the lower Bollinger band near $77476.05 and RSI at 31.64, a measured extension to the $74,000 area appears the highest-probability path before any reversal attempt.