Bitcoin: Nasdaq Plunge Raises $75,000 Sweep Odds
Michaël van de Poppe reported that plummeting Nasdaq indices are dragging Bitcoin lower after key support broke, increasing the odds of a $75,000 sweep while oil and yields also decline.
SourceAnalysis
Michaël van de Poppe noted that Nasdaq and other indices are plummeting, pulling Bitcoin down after his key support level failed to hold, with oil and yields also falling and the probability of sweeping $75,000 now higher.
Price sits at $76,500 beneath the EMA50 at $78,781.67 and EMA200 at $80,840.34, confirming the bearish structure, yet the MACD golden cross at 323.49 signals building momentum while RSI at 37.98 stays neutral inside the Bollinger bands with lower support at $75,219.81.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast