A Plunge That Echoes the Past
Imagine the tension in trading rooms worldwide as Bitcoin shattered the $80,000 floor for the first time since April 2025, closing Friday at $79,017.91—a brutal 5.96% drop in 24 hours, with lows scraping $75,719.90. This isn’T just numbers; it’s the digital gold rush hitting a wall amid a surging dollar index (+0.4%) that dragged gold (-2.5%) and Nasdaq (-0.8%) down too.
Bearish Storm Meets Oversold Hope
The charts scream downtrend: price below EMA 200 ($103,957), RSI at 25.73 (deeply oversold), MACD bearish, and hugging the Bollinger lower BAND ($79,435). Yet, humanity clings to hope—strong support at $75,769 (73/100 score) could spark a rebound, while resistance looms at $80,357 (+1.86% away). Multi-timeframe confluences highlight $75,765 as a battleground.
Why It Stings—and What’s Next
For HODLers, it’s a gut punch testing resolve amid whispers of Walsh as new Fed chair. But oversold Stochastic (17.68%) hints at exhaustion. Watch $75.7K support for crash risks to $58K, or a break above $80K for revival. In crypto’s wild tale, this dip might just be the plot twist.
Source: https://en.coinotag.com/bitcoin-dive-below-80k-oversold-signals-2026
