Bitcoin: Drops Below 200-Day MA in Correction

Bitcoin continues lower and sweeps support after breaking beneath the 200-day moving average, leaving the market in tricky waters according to Michaël van de Poppe. The trader waits for a high-volume liquidation wick to clear the correction or a decisive reclaim of substantial levels near $75,000. At $72,500.65 the 4h chart shows price testing the lower Bollinger Band support at $72,560 while the EMA50 at $75,301 and EMA200 at $78,994 sit as stacked resistance overhead; the MACD death cross at -659.53 reinforces bearish momentum even as RSI at 31.59 remains neutral, setting up the exact wick scenario van de Poppe anticipates before any sustained recovery.