Bitcoin: Price 50% Below ATH After Dismal Week
Bitcoin at $62003.33 trades 50% below its all-time high as bearish EMA50 resistance at $69024.98 and oversold RSI signal further downside pressure.
SourceAnalysis
Bitcoin closed a dismal week trading at $62003.33, still 50% below its all-time high.
The move aligns with the last six months of tightening liquidity and institutional deleveraging that capped every relief rally.
On the 4h chart BTC sits inside the Bollinger band with price testing lower support near $60734 while the 50-EMA at $69024.98 and 200-EMA at $74454.71 act as stacked overhead resistance; RSI at 24.88 shows oversold conditions yet the MACD death cross at -2309.58 keeps the bearish structure intact, suggesting any bounce will likely stall at the upper band $69931.97 before fresh selling resumes.
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