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Bitcoin: Downtrend Pattern Holds With Spot Selling | Flash News Detail | Blockchain.News
Latest Update
6/3/2026 9:13:00 PM

Bitcoin: Downtrend Pattern Holds With Spot Selling

Bitcoin: Downtrend Pattern Holds With Spot Selling

Bitcoin at $65672.63 follows bearish downtrend as spot selling hits bounces; 4h chart shows RSI 22.75 oversold and MACD death cross.

Source

Analysis

Bitcoin traders watch the same downtrend pattern repeat with fresh spot selling into each bounce, per @52kskew, as the daily close looms in hours. Price sits at $65672.63 inside Bollinger Bands between $63521.13 support and $75447.56 resistance while EMA50 at $71582.24 and EMA200 at $75427.79 cap upside in a clear bearish structure. RSI(14) at 22.75 signals oversold conditions yet MACD(12,26) prints -2068.8 confirming the death cross, so any relief rally likely stalls before testing the 50-EMA again. This setup feeds directly into ongoing BTC price prediction models and crypto market crash scenarios that dominate search volume.


Skew Δ

@52kskew

Full time trader & analyst