Bitcoin tests key support as BTC heads for fourth straight weekly loss
- —BTC is down over 2.5% this week; ETH and XRP have lost more than 4% and 5%
- —The 100-day EMA at $77,814 is the first resistance buyers must reclaim
- —Bitcoin's RSI sits at 34, close to oversold territory
- —The 200-day EMA at $76,423 is the next major support level
Why it matters: Holding the 200-day EMA would preserve the broader uptrend, while a break below it raises the risk of a deeper pullback.
Source: CoinJournal