Bitcoin Falls to 21-Month Low

The news of Bitcoin falling to its lowest level in 21 months indicates continued selling pressure in the market. Although the RSI stands at 52 in neutral territory, the MACD line remains below the signal line and in negative territory, signaling weak short-term momentum. While the price staying above the SMA20 provides some support, remaining below the SMA50 confirms the bearish trend. The combination of negative news headlines and weak technical indicators suggests a high probability of further decline over the next 1-3 days.

MSTR, a stock with high correlation to Bitcoin's price, faces a negative catalyst as Bitcoin falls to its lowest level in 21 months. Technical indicators support this view: RSI at 42.8 is in weak territory, MACD is below zero and, while above the signal line, momentum remains weak. The price is trading below both the SMA20 (87.06) and SMA50 (94.71), confirming a short- and medium-term downtrend. The last close at 86.96, just below the SMA20, suggests this level may act as resistance. In the near term, selling pressure is expected to persist, with the price likely testing the 85-86 range.

Bitcoin's decline to its lowest level in 21 months is a negative signal for cryptocurrency exchanges such as Coinbase. Technical indicators support this view: the RSI is in weak territory at 42.9, the MACD is below zero and beneath its signal line, and the price is trading below both the 20-day (147.80) and 50-day (152.42) moving averages. In the short term, the risk of continued selling pressure is high, and since the asset has not yet entered oversold territory, the decline could accelerate.