Bitcoin: Weathering Ugliest Week in Months
Bitcoin at $63900 posts worst week in months as narrative fades, with 4h RSI at 27.73 and MACD death cross confirming bearish pressure.
SourceAnalysis
Bitcoin is weathering its ugliest week in months as narrative fades and liquidity rotates.
Price sits at $63900 inside the Bollinger Bands with lower support at $61246 while the 50-EMA at $70101.75 and 200-EMA at $74890.19 act as overhead resistance; RSI(14) at 27.73 shows oversold momentum yet the MACD death cross at -2375 keeps the structure bearish, pointing to a likely relief bounce into the 50-EMA before fresh downside pressure resumes.
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