#BTC
Bitcoin Drops $1,600 in 4 Hours, Falls to $76,804
Bitcoin saw a sharp selloff on the short-term chart, shedding $1,600 in just four hours to trade at $76,804, down 0.79% on the day.
The 4-hour chart shows price rejecting near $78,400 before momentum flipped sharply bearish. After a failed attempt to hold above $78,000, Bitcoin broke down through multiple support levels in a series of large red candles. The drop accelerated once price lost $77,800, with selling pressure pushing BTC down to the $76,800 zone.
What the chart shows:
Sharp Reversal: Price climbed to $78,400 earlier in the session before reversing lower
Momentum Shift: Four consecutive red candles erased all intraday gains and pushed price below $77,000
Current Level: $76,804, with the next focus on whether buyers defend the $76,800 support
The $1,600 drop marks one of the steepest 4-hour moves on the chart, highlighting increased volatility. A recovery above $77,400 would be needed to neutralize the short-term bearish structure, while a break below $76,800 could open the door for further downside.
Bitcoin Drops $1,600 in 4 Hours, Falls to $76,804
Bitcoin saw a sharp selloff on the short-term chart, shedding $1,600 in just four hours to trade at $76,804, down 0.79% on the day.
The 4-hour chart shows price rejecting near $78,400 before momentum flipped sharply bearish. After a failed attempt to hold above $78,000, Bitcoin broke down through multiple support levels in a series of large red candles. The drop accelerated once price lost $77,800, with selling pressure pushing BTC down to the $76,800 zone.
What the chart shows:
Sharp Reversal: Price climbed to $78,400 earlier in the session before reversing lower
Momentum Shift: Four consecutive red candles erased all intraday gains and pushed price below $77,000
Current Level: $76,804, with the next focus on whether buyers defend the $76,800 support
The $1,600 drop marks one of the steepest 4-hour moves on the chart, highlighting increased volatility. A recovery above $77,400 would be needed to neutralize the short-term bearish structure, while a break below $76,800 could open the door for further downside.