Why Is Crypto Crashing Today? $BTC /USD Bearish Structure Is Driving the Broader Selloff
To this day $BTC remains the market’s gravitational center, and its technical damage is now unmistakable. BTC USD continues to trade below its 50-day EMA and Supertrend indicator, signaling sustained downside pressure.
The chart has carved out a classic bearish flag: a sharp vertical selloff followed by a weak, upward-sloping consolidation. Price is now testing the lower boundary of that structure. A confirmed breakdown opens the door to a retest of the November low near $80,400.
Sentiment has deteriorated just as fast. The Crypto Fear and Greed Index has slipped to 34, firmly in fear territory, down from a year-to-date high near 59. At the same time, geopolitical risk is rising. Fresh trade war rhetoric involving Canada, combined with rising US political instability.
Key technical signals:
-Bollinger Bands have compressed, signaling volatility contraction.
-Price is oscillating around the mid-band, typical of consolidation.
- The 20-day moving average has been reclaimed short-term, mildly constructive.
- The 200-day moving average remains overhead and flat, acting as macro resistance.
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