Bitcoin: Dumps $1,400 Below $78K

Bitcoin just cratered $1,400 in the last hour, slipping below $78,000 as over $53 million in leveraged longs got liquidated. Traders call this a classic weekend shakeout in thin liquidity, hunting overextended positions amid ongoing BTC volatility that echoes last quarter's crypto market crash patterns.

Zooming into the 4-hour chart, Bitcoin holds a bullish structure with price at $77,820.25 hugging the EMA50 support around $77,114 while the EMA200 at $73,697 anchors deeper floors. MACD screams bullish momentum with a golden cross at 303, yet neutral RSI at 50.56 hints at consolidation. Price dances inside Bollinger Bands, testing lower support near $76,952 after brushing upper resistance at $78,768—expect a quick bounce if this confluence holds, setting up fresh BTC price prediction upside toward prior highs in this macro uptrend.