Bitcoin: Drops Below $64000 With $400B Market Cap Loss

Bitcoin falls below $64000, erasing $400 billion in market cap since May 11 according to @KobeissiLetter.

Price action at $62850 tests the lower Bollinger Band support near $62337.91 while RSI at 15.46 signals deep oversold conditions and MACD confirms a death cross. EMA50 at $71182.49 and EMA200 at $75296.68 now act as firm overhead resistance in this bearish structure.

Traders watching BTC price prediction models must factor this Bitcoin market cap decline into crypto market crash scenarios that could extend toward the band floor before any relief rally.