🚨 $BTC CLOSES DAILY BELOW 75K
After the failed breakout from the consolidation range, Bitcoin has continued moving lower and has now lost and closed below the crucial $75K reversal pivot.
Looking at the daily chart, the outlook is becoming increasingly bearish:
• A clear deviation above resistance, followed by a breakdown.
• All major EMAs are above the price and beginning to turn downward.
• The loss of the $75K reversal pivot, confirming a deterioration in market structure.
Unless BTC can quickly reclaim $75K within the next day or so, a further decline appears imminent.
The bulls need to step in now.
$BTC
After the failed breakout from the consolidation range, Bitcoin has continued moving lower and has now lost and closed below the crucial $75K reversal pivot.
Looking at the daily chart, the outlook is becoming increasingly bearish:
• A clear deviation above resistance, followed by a breakdown.
• All major EMAs are above the price and beginning to turn downward.
• The loss of the $75K reversal pivot, confirming a deterioration in market structure.
Unless BTC can quickly reclaim $75K within the next day or so, a further decline appears imminent.
The bulls need to step in now.
$BTC
