Bitcoin Falls Below $77,000: Selling Pressure Persists

Selling pressure continues following the losses experienced in the cryptocurrency markets in October. Bitcoin has declined below the $77,000 level, increasing investor unease. The downward trend in the market was influenced by a $6.3 billion cyberattack on Binance and election uncertainty in the US. These developments reduced investors' risk appetite and triggered sell-side movements. Additionally, hundreds of millions of dollars in outflows from cryptocurrency funds have further deepened market concerns. The fund outflows indicate that institutional investors are also acting cautiously. Experts note that the cyberattack has heightened concerns about security perception and the election uncertainty has raised worries about the macroeconomic outlook. It is assessed that volatility in crypto assets may continue in the short term. Not investment advice.

📊 BTC — Piyasa Yorumu

▼ down · 62%

BTC is at $76,802, having fallen below $77,000, with a 24-hour change of -1.89%, confirming continued selling pressure. The RSI stands at 37, near oversold territory but not yet signaling a reversal, indicating the decline may continue in the short term. MACD is below its signal line and in negative territory, with weak momentum. The price is trading below both SMA20 (77,239) and SMA50 (77,756), confirming a short-term downtrend. The news headline also feeds the existing technical weakness; however, the low RSI level suggests that sharp selling may be limited, so I maintain moderate confidence.

RSI 14

37.0

MACD

-286.27

24h Δ

-1.89%

📊 COIN — Piyasa Yorumu

▼ down · 62%

COIN is under severe selling pressure as Bitcoin drops below $77,000; a decline exceeding 13% in 24 hours confirms this. Although the RSI at 31.6 approaches the oversold threshold, there is no reversal signal yet, and the MACD remains in negative territory below the signal line. The price is significantly below both the SMA20 and SMA50, indicating a downward short-term trend. As the news flow sustains weakness in crypto risk appetite, downward pressure may continue over the next 1-3 days; however, oversold conditions could open the door to bargain hunting. Nevertheless, anticipating a reversal without confirmation remains risky.

RSI 14

31.6

MACD

-5.81

24h Δ

-13.25%

Canlı Grafikler