Bitcoin: Falls Below $84,000 With $554M Liquidations
Bitcoin drops below $84,000 after 2.34% slide in 4 hours and $554.61M liquidations dominated by $486.26M in longs.
SourceAnalysis
Bitcoin falls below $84,000, dropping around 2.34% in just 4 hours. It plunged around $2,000 in just 20 minutes. Over the past 3 days, BTC is down nearly 4%, losing roughly $3,400 while $554.61 million worth of crypto positions were liquidated in the past 24 hours, with long liquidations at $486.26M and short liquidations at $68.29M.
Price tests lower Bollinger support near $84,257 on the 4h chart while EMA50 at $84,893.91 caps upside in a bearish structure marked by MACD death cross at 4.25; RSI at 38.12 leaves room for continuation lower before any bounce to EMA200 at $81,993.61, forcing traders to update BTC price prediction models and watch for crypto market crash signals.
Kashif Raza
@simplykashifThis personal account shares perspectives on technology startups and digital innovation, with content spanning AI advancements, software development trends, and entrepreneurial strategies for building tech-focused businesses.
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