High
A 5% price slump in bitcoin, a leading cryptocurrency, significantly impacts market sentiment and potentially other related assets. the failure to hold key support levels indicates strong bearish momentum.
High
The article cites specific price levels, trendline breaks, and technical indicators (macd, rsi) from reliable sources like tradingview, suggesting a well-researched and data-driven analysis.
Bearish
The price has broken below key support levels ($68,000, $66,500, $65,000), the 100-hour sma, and a bullish trendline. technical indicators like the macd in the bearish zone and rsi below 50 further support a bearish outlook, with potential further declines if immediate support fails.