Bitcoin: MichNL Flags $64K Bid Zone After $71K Break

Bitcoin slipped below the $71-73K zone flagged by @CryptoMichNL, landing at $63963.13 and opening a clear bid area for net buyers.

The trader noted his altcoin holdings outperformed BTC on the drop, highlighting relative strength that often precedes rotation back into majors. Multiple arguments support further downside yet the same data shows this level as prime accumulation if reversal catalysts appear.

Price action on the 4h chart reveals a bearish trend with price beneath both EMA50 at $70104.23 and EMA200 at $74890.82, while RSI(14) at 27.96 flashes oversold and the MACD death cross at -2370.01 confirms momentum loss; trading inside the Bollinger bands between $61256.26 support and $72781.91 resistance creates confluence for a bounce before any deeper BTC price prediction revision or crypto market crash extension materializes.