Bitcoin: Drops Below $78,000 With $100M Longs Liquidated

Bitcoin slipped beneath $78,000 after $100 million in long positions were wiped out in four hours.

Price sits at $77889.13 inside the Bollinger band with upper resistance at $80507.59. The 50-EMA at $76760.59 continues to act as dynamic support while the 200-EMA at $69793.04 anchors the broader bullish structure. MACD has printed a death cross at 451.34 even as RSI holds neutral at 44.57, pointing to short-term exhaustion that often precedes a test of the lower band near $77705.85 before any sustained recovery.