Bitcoin Retreats to 12‑Week Low

BTC dropped 4.3% in 24 hours to 71.4K, hitting a 12-week low; the price is below SMA20 and SMA50, and the short-term trend is weak. RSI at 22 is in oversold territory, which could technically set the stage for rebound buying, but MACD is negative and below the signal line, so momentum remains downward. The news headline confirms the current downtrend and could fuel panic selling; downward pressure may persist over the next 1-3 days. Nevertheless, short-term bounces are possible due to oversold conditions, so confidence is moderate. If the 70K psychological support is broken, the decline could accelerate; holding above it could bring a rebound.

The news headline is related to Bitcoin and is not expected to have a direct impact on GOOGL; a decline in the crypto market may serve as an indirect risk appetite signal for the stock, but this relationship is weak. GOOGL's technical outlook is positive: the price is above the SMA20 and SMA50, RSI at 62 is approaching overbought territory but not yet there, and MACD is above its signal line. The 24-hour 3% rise indicates strong short-term momentum. Additional confirmation is needed for crypto-related negative news to significantly drag GOOGL down; therefore, a neutral stance is appropriate.

Bitcoin's decline to its lowest level in 12 weeks creates direct negative pressure on crypto-linked stocks such as Coinbase. COIN has already fallen 4.3% in 24 hours and is trading below its SMA20 (133.6) and SMA50 (137.6); the short-term trend is weak. The RSI is at 39 and has not yet entered oversold territory, meaning there may still be room for further downside. The MACD is below its signal line and in negative territory, confirming that momentum remains downward. As the news flow reduces crypto risk appetite, the 1-3 day outlook is bearish, but caution is warranted as rebound buying may emerge.