Bitcoin: Hits 100-Day Low at $63,000
Bitcoin drops $2,700 in three hours to $63,000 100-day low as $300 million in longs liquidate, with 4h chart showing RSI at 15.51 oversold and bearish MACD.
SourceAnalysis
Bitcoin plunged $2,700 within three hours to touch a 100-day low of $63,000, triggering more than $300 million in long liquidations over four hours.
The move aligns with broader BTC price prediction models that flagged downside risk after repeated failures above the EMA50. Traders now watch whether the crypto market crash narrative gains traction or if oversold conditions spark a relief bounce.
Price action on the 4h chart sits inside the Bollinger Bands with the lower band at $62,345.75 acting as immediate support while the upper band at $75,404.82 remains distant resistance. The RSI at 15.51 signals deep oversold territory, yet the MACD death cross at -2,376.9 and price trading below both the EMA50 at $71,183.76 and EMA200 at $75,297.0 confirm the bearish structure remains intact, suggesting any bounce may stall before retesting those higher moving-average levels.
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