Technical data also pointed to weakness. On the 1-day chart, the 10- to 200-period moving averages showed negative momentum, according to TradingView. The RSI stood at 36, which traders view as neutral. Two other oscillators, however, signaled sales.
A move above $75,000 could help restore confidence. A break below key support levels could extend the decline. Will Bitcoin regain enough strength to return to the top 10 assets?
MicroStrategy also drew attention after withdrawing 411.5 BTC from Prime hours after depositing it. The reversal eased fears that Michael Saylor’s firm planned its first BTC sale in years.
the initial transfer marked MicroStrategy’s first direct exchange move in nearly two years. The transfer split into two batches of about 205 BTC each. Smaller wallet transactions also appeared during the same period.