Bitcoin: Loses 2% as Nasdaq Reclaims Losses
Bitcoin at $62207.66 drops nearly 2% while Nasdaq rebounds on war reactivation; Brent oil below $77 could fuel BTC price prediction gains amid Bitcoin Nasdaq correlation during geopolitical events.
SourceAnalysis
Bitcoin lost nearly 2% on war reactivation while the Nasdaq reclaimed losses quickly and finished flat, highlighting classic Bitcoin Nasdaq correlation during geopolitical events.
At $62207.66, price sits below the EMA50 at $62336.03 and far under the EMA200 at $64131.54 in a clear bearish trend structure; the MACD death cross at -12.61 reinforces downside momentum even as RSI at 45.3 stays neutral, and price remains trapped inside the Bollinger Bands with upper resistance at $64349.28 and lower support at $61789.32. A sustained Brent close under $77 would likely open the path to higher tests for BTC and fresh Nasdaq highs.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast