Bitcoin Dips Below $73,000 as Trump’s Crypto Move Fails to Boost Market

Bitcoin has fallen below $73,000, losing more than 3% in the last 24 hours. Although the RSI is approaching 30, entering oversold territory, the MACD remains negative and below the signal line. Short-term moving averages (SMA20 and SMA50) are also above the price, indicating a weak technical outlook. News headlines suggest that Trump's crypto move has not had the expected positive impact on the market, and selling pressure continues. Therefore, I believe the bearish trend may persist in the short term.

The news highlights Bitcoin's decline and notes that Trump's crypto initiative has had no significant impact. This development is seen as a negative signal for cryptocurrency exchanges such as Coinbase. Technical indicators also support the bearish outlook: the RSI is near oversold territory at 33, the MACD is below zero and below its signal line, and the price is trading below both the 20-day and 50-day moving averages. The 9.26% drop in the last 24 hours indicates sustained selling pressure. In the short term, the downtrend is expected to continue.

MSTR, a stock highly correlated with Bitcoin's price, is directly negatively impacted by the decline in Bitcoin. Although the RSI is in oversold territory at 22.75, the MACD is giving a sell signal, and the stock has closed below its 20- and 50-day moving averages. Technical indicators may remain weak in the short term, but the oversold region could trigger a potential rebound buying. The negative crypto sentiment in the news headlines may increase selling pressure.