Bitcoin: Falls Below $73K on Iran Escalations
Bitcoin drops below $73006.64 as Iran escalations trigger massive ETF outflows and HYPE slides 9%, with 4h chart showing bearish EMA death cross and oversold RSI.
SourceAnalysis
Bitcoin trades at $73006.64 after Iran escalations sparked heavy ETF outflows and sent HYPE down 9%. Price sits inside Bollinger Bands with lower support at $72720.98 while the 50-EMA at $76224.71 and 200-EMA at $77078.69 act as firm overhead resistance in a confirmed bearish structure. The MACD death cross at -904.38 reinforces downside momentum even as RSI at 24.82 signals short-term oversold conditions that could produce a brief relief bounce before retesting the lower band.
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