Bitcoin at $80,800 as bearish MACD crossover puts $78,000 in play
- —BTC fell 3.02% to $80,806, with a session low of $80,393
- —Daily MACD turned bearish: line at 1,275.36 below signal at 1,828.41
- —4-hour RSI dropped to 21.15 as price fell below the $81,016 lower Bollinger Band
- —50-day moving average sits at $80,526, 20-day at $84,199
Why it matters: Holding the 50-day average preserves support; a sustained break below it opens the door to $78,000 and $75,000.
Source: crypto.news