Bitcoin: Drops Below $74500 With $84B Cap Wipeout
Bitcoin falls below $74500 after shedding $4000 in 48 hours, erasing $84 billion market cap and triggering $650 million in long liquidations.
SourceAnalysis
Bitcoin plunged $4000 in 48 hours and broke below $74500, erasing $84 billion in market cap while $650 million in longs faced liquidation.
Price sits at $74342.9 beneath the EMA50 at $76637.96 and EMA200 at $77201.57, confirming the bearish structure. With the MACD death cross at -555.03 and RSI at 29.73 in oversold territory, the move has reached the lower Bollinger band support of $74320.9. This BTC price prediction environment during the ongoing crypto market crash shows volatility exhaustion inside the bands, where any bounce would first test the $76637.96 EMA50 before continuation lower.
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