Bitcoin: Falls Below $66,000 Since April 2
Bitcoin drops below $66,000 for the first time since April 2 at $66,427 with bearish EMA50 resistance at $72,508 and RSI at 18.26.
SourceAnalysis
Bitcoin falls below $66,000 for the first time since April 2, trading at $66,427.58 on heavy volume.
The 4h chart shows a bearish trend with price below both EMA50 at $72,508.9 and EMA200 at $75,767.46. MACD registers a death cross at -1,973.77 while RSI at 18.26 marks extreme oversold conditions inside the Bollinger Bands. Lower band support sits at $65,247.82. Traders watch for a potential bounce from that floor before any retest of the $72,500 zone.
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