Bitcoin: Drops Below $62K on Bearish 4H Chart

Bitcoin ($BTC) is now back under $62K.

Price action at $62491.65 sits inside Bollinger Bands with lower support at $62248.88 while EMA50 resistance holds at $71168.44 and EMA200 at $75293.11. MACD death cross at -2408.06 reinforces the bearish trend structure. Traders watching BTC price prediction models note that despite RSI(14) oversold at 14.91, any bounce may stall before testing upper band resistance near $75462.63. This setup echoes the crypto market crash patterns seen over the last six months where oversold readings failed to reverse the dominant downtrend immediately.