BTC: Pivotal Support Level Decides Next Move

BTC faces an immediate test at current levels according to trader @CryptoMichNL. Losing the zone opens a path to fresh lows while altcoin markets extend their decline.

ETH versus BTC shows early strength and select altcoins have posted brief gains, yet any sustained Bitcoin weakness overrides that momentum and forces another leg lower across the board.

Bitcoin trades at $64337.52 beneath the EMA50 at $64768.51 with the MACD locked in a death cross at -130.45, confirming bearish trend structure on the 4-hour chart. Neutral RSI at 44.78 leaves room for continuation while price sits inside the Bollinger bands, using the lower band at $63617.78 as immediate support and the upper band at $67429 as short-term resistance; a clean break below the EMA50 confluence would accelerate the move toward that lower band before any relief rally develops.