Bitcoin: Cycle Zone Sparks Panic Selling
Bitcoin trades at $60714.16 inside its most critical cycle zone as oversold RSI at 23.06 meets bearish MACD death cross on the 4h chart.
SourceAnalysis
Bitcoin trades at $60714.16 inside the most important zone of the entire cycle while the crypto is dead narrative returns and panic sellers trigger stops.
Long-term holders weigh entries as order flow and liquidity clusters set the stage for the next directional move in BTC and ETH.
Price action shows BTC hugging the lower Bollinger Band support at $60102.7 with RSI(14) at 23.06 flashing oversold readings, yet the EMA50 at $68376.58 and EMA200 at $74198.09 remain firm overhead resistance while the MACD death cross at -2462.85 keeps downside momentum intact until a decisive reclaim occurs.
Material Indicators
@MI_AlgosA comprehensive crypto analytics platform offering trading signals and market data
Premium Sponsors
.jpg)