Bitcoin: Slips Below $73K With $1B Liquidations

Bitcoin trades at $73400 after slipping under $73K as crypto liquidations approach $1B.

Price action over the past six months shows repeated tests of the EMA50 at $76352 and EMA200 at $77117 as resistance during the ongoing bearish structure. The MACD death cross at -826 confirms sellers retain control while the RSI at 26.54 signals oversold conditions that often precede short-covering bounces.

With price inside the Bollinger Bands and testing the lower support at $73119, a retest of the EMA50 remains the next logical magnet before any sustained recovery attempt.