Bitcoin: Crashes Below $71,000 First Time Since April
Bitcoin drops below $71,000, down 4.23% in 16 hours and erasing $62.6 billion market cap as price hits $71599.96 on bearish 4h signals.
SourceAnalysis
Bitcoin crashes below $71,000 for the first time since April 16, falling 4.23% in 16 hours and erasing $62.6 billion from its market cap.
Price action at $71599.96 tests lower Bollinger support at $71784.99 while EMA50 resistance sits at $74375.7 and EMA200 at $76370.97, confirming the bearish trend structure. RSI at 29.69 flashes oversold and MACD at -648.75 shows a death cross, pointing to short-term volatility exhaustion before any relief bounce.
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