ZEC: Outperforms as BTC Dumps for Second Day
ZEC and ICP climb while BTC hits $64362 amid bearish EMA death cross and oversold RSI on 4h chart.
SourceAnalysis
ZEC and ICP climb while BTC falls to $64362.66, repeating the pattern from yesterday and echoing ZEC ICP outperformance during Bitcoin price dumps history.
Zcash and Internet Computer correlation with BTC has shown similar decoupling in the past twelve months as privacy-focused flows rotate during risk-off moves.
Bitcoin sits inside its Bollinger bands with price testing lower support at $62677.36; the 50-EMA at $71241.81 and 200-EMA at $75311.73 act as stacked resistance while RSI(14) at 19.86 flashes oversold and MACD death cross at -2258.8 confirms bearish momentum on the 4h chart.
Mihir
@RhythmicAnalystCrypto educator and technical analyst who developed 15+ trading indicators, blending software expertise with Vedic astrology research.
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