22:27 UTC
Downtrend, accelerating into oversold · RSI 26 · price 68,262.82
Lower highs and lower lows since the twin 87k highs; fresh 12-week low.
BTC has carved a lower-high, lower-low chain since the twin tops near 87,000 in late September and early October. EMA(20) has crossed below a falling EMA(50), and each rally since has stalled under the lower-high line. This week's break of the 72,630 prior low carried price to a 67,506 swing low, a sixth weekly loss, as hike fears and ETF outflows outweighed the cooler PPI, with RSI at 26.1, a genuine D1 oversold reading, and ATR expanding.
Support: 67,505.66
Resistance: 70,000.00, 72,630.01, 75,940.11
What it said to watch
- Daily close back above the 70,000 psych level would mark the first reclaim since the breakdown
- Failure to hold the 67,506 swing low exposes the aug pivot near 64,130
- Recovery through the 72,630 prior low and the ema20 at 75,940 would put the 38.2% retracement of the 87.3k–67.5k decline in view
- Lower-high line near 78,700 caps the downtrend read until broken on a daily close
- Fed Chair Warsh (Mon 17:00 UTC) and US Retail Sales (Tue 13:30 UTC) could materially shift this read