Bitcoin: Deribit Index Tests $70,000 GEX Cluster

Bitcoin touched a Deribit index low of $70,992 and now hovers at the $70,000 strike that flipped into the dominant GEX cluster after last month’s expiry, concentrating both support bids and protective-put walls.

With price testing lower Bollinger support at $71,625 while RSI(14) prints 21.91 in oversold territory and the MACD death cross sits at -690, a bounce toward the EMA50 level of $74,355 remains the highest-probability path before any sustained move lower; failure to hold $70,000 would open the door to accelerated downside tests near $68,000 and reprice near-term IV higher, directly shaping the next BTC price prediction and any potential crypto market crash narrative.