Bitcoin: Whales Pull Back Mirroring 2022 Bear Market

Bitcoin whales are pulling back as activity mirrors the 2022 bear market, analysts report.

Price action at $73615 shows a bearish trend structure with BTC trading below the EMA50 resistance at $76118.54 and EMA200 at $77045.99. The MACD death cross at -919.06 reinforces downside momentum while RSI at 33.67 stays neutral inside the Bollinger bands, with lower support at $72474.63 and upper resistance at $78581.88.