📉 Bitcoin has dropped more than 34% from its all-time high of $126,199, hitting a weekly low near $82,000 and trading below the 100-week EMA at $85,389.

🧭 If the weekly candle closes below the 100-week EMA, the correction could extend toward the major weekly support at $71,769.

⚠️ Weekly RSI at 33 and a bearish MACD crossover show that bearish momentum is strengthening, with increasing red histogram bars confirming seller dominance.

🔻 On the daily chart, BTC broke below the 78.6% Fibonacci level at $85,569 and is trading around $82,000, increasing the risk of a retest of the psychological $80,000 level.

🚨 Daily RSI at 20 indicates extreme oversold conditions, and the daily MACD continues to show expanding red histogram bars, signaling strong selling pressure.

🔄 If BTC manages to recover, the next upside target sits near the resistance zone at $85,000.

BTC-5.08%

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