Bitcoin: Plunges Below $78,000 With $80M Longs Liquidated
Bitcoin drops below $78,000 after $2,000 slide in 90 minutes, triggering $80 million long liquidations as price holds $77,813 on 4h chart.
SourceAnalysis
Bitcoin fell $2,000 in 90 minutes to trade below $78,000, with more than $80 million in long positions liquidated in the last hour.
Price action on the 4h chart shows BTC at $77,813.05 inside the Bollinger Bands, testing the lower band support at $77,687.78 while the EMA50 at $76,757.6 continues to act as dynamic support above the EMA200 at $69,792.28. RSI at 44.09 remains neutral and the MACD death cross at 445.27 signals short-term momentum loss, yet the broader structure stays bullish above both moving averages.
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