BTC: Confirmed Bear Market With Cycle Intact
BTC at $73197.77 sits in confirmed bear market as 4-year cycle holds with RSI at 28.5 and MACD death cross on 4h chart.
SourceAnalysis
BTC trades inside a confirmed bear market while the four-year cycle stays intact per @MI_Algos.
At $73197.77 price sits below the EMA50 at $76102.17 and EMA200 at $77041.84 confirming the bearish structure; RSI(14) at 28.5 registers oversold and MACD(12,26) at -952.35 prints a death cross, yet the pair remains inside the Bollinger Bands with lower support at $72393.63 and upper resistance at $78621.16, raising the probability of a short-covering bounce into the 50-EMA before the next leg lower in this BTC price prediction setup amid crypto market crash concerns and continued 4-year cycle analysis.
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