Bitcoin: Red Weekly Streak Eyes $71,000 Next

Bitcoin opens the week lower, extending its longest run of consecutive red weekly candles on record according to Michaël van de Poppe. The analyst flags $75,000 as the immediate line in the sand; a reclaim would signal strength while a break keeps the path open to $71,000.

Price trades at $74,177.76 on the 4-hour chart inside a bearish structure defined by the EMA50 at $76,837.81 and EMA200 at $79,971.21. The MACD death cross at -738.54 confirms trend pressure while RSI at 30.33 sits neutral. With price already probing the lower Bollinger Band support at $74,309.56, the next decisive move hinges on whether buyers can defend this zone or if momentum drags the market lower toward the next weekly target.