Bitcoin: Drops Below $62000 on MSTR Sale

Bitcoin slipped under $62000 after MicroStrategy offloaded $216 million of BTC to cover dividends.

Price action on the 4h chart sits at $61787.15 directly beneath the EMA50 at $61809.65 while the EMA200 looms at $64375.76, locking in the bearish structure confirmed by the MACD death cross. With the RSI at 45.24 still neutral and price pinned inside the Bollinger band just above the lower support at $61757.34, any bounce attempt faces immediate resistance at the upper band of $63670.11 before fresh downside pressure resumes. Traders now watch whether the recent six-month pattern of corporate BTC sales repeats and accelerates the move toward the next liquidity pocket below $60000.