Bitcoin: Drops 5% in 24 Hours to $67981

Bitcoin drops 5% over the last 24 hours to $67981.17. BTC price action shows immediate pressure from the bearish structure.

Price tests the lower Bollinger Band support near $68904.95 while the 50-EMA at $73567.85 and 200-EMA at $76119.6 act as concrete resistance layers above. RSI(14) at 15.22 marks deep oversold momentum and the MACD death cross at -1267.72 reinforces trend exhaustion, pointing to potential relief only after a retest of the $73567.85 level before continuation lower.