Bitcoin: Drops Below $84000 With $400M Longs Liquidated
Bitcoin crashed $1600 in 15 minutes below $84000 as $400 million in longs liquidated. 4h chart shows bearish EMA structure and MACD death cross at $83929.
SourceAnalysis
Bitcoin crashed $1600 in 15 minutes and fell below $84000, triggering $400 million in long liquidations.
Price sits at $83929.4 on the 4h chart inside a bearish trend with EMA50 at $84915.65 acting as resistance and EMA200 at $81952.72 providing distant support. MACD registers a death cross at 99.29 while RSI at 37.03 remains neutral. The pair tests the lower Bollinger band near $84333.41 after rejecting upper resistance at $86744.36, confirming short-term volatility exhaustion and sustained downside pressure on BTC price action.
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