Bitcoin: Traders Turn Bearish on Monthly Low

Bitcoin traders have flipped bearish as BTC hits its lowest price in months at $67689.49.

Price action shows a bearish trend with EMA50 at $73312.05 and EMA200 at $76038.14 capping upside. RSI(14) at 18.3 marks oversold territory while MACD prints -1485.26 confirming the death cross. With BTC testing the lower Bollinger support at $67874.57, the structure points to further downside pressure before any relief rally. This aligns with BTC price prediction models tracking the last six months of distribution and raises crypto market crash concerns among desks watching volume collapse.