BTC Plunges 6.2% to $78.9K, Below MSTR $76K Basis
BTC/USDT
$17,272,160,469.17
$68,476.22 / $66,621.06
Change: $1,855.16 (2.78%)
+0.0011%
Longs pay
Contents
Key Metrics
- Current Price: $78,928.98
- 24h Change: -6.20% (High: $84,146.22 | Low: $75,719.90)
- 24h Volume: $38,795,700,593
- RSI (14): 25.73 (Oversold)
- Stochastic K/D: 17.68 / 18.19 (Oversold)
- Trend: Downtrend (Below EMA 200 at $103,957.72)
Bollinger Bands position: Below lower BAND ($79,435.43), signaling oversold conditions amid ATR volatility of 2,973.82.
Price Action Analysis
Bitcoin dropped 6.2% in 24h, breaching $80,000 for the first time since April 2025 (Jan 31 news) and MicroStrategy's cost basis of $76,037 since Oct 2023. This aligns with broader market weakness: DXY +0.4%, BTC -4%, gold -2.5%, Nasdaq -0.8% (Jan 30). Price sits below EMA 20 ($87,392.89), EMA 50 ($89,879.40), and SMA 200 ($103,957.72). MACD bearish (-2,479.77 line vs. -1,158.47 signal).
Technical Levels
Key Supports (Strong ⭐):
| Level | Price | Distance | Score |
|---|---|---|---|
| S1 | $75,769.87 | -3.96% | 73/100 ⭐ |
| MTF S1 | $75,765.90 | -4.00% | 79/100 ⭐ |
| MTF S2 | $74,508.00 | -5.60% | 78/100 ⭐ |
Key Resistances (Strong ⭐):
| Level | Price | Distance | Score |
|---|---|---|---|
| R1 | $80,357.43 | +1.86% | 70/100 ⭐ |
| MTF R3 | $80,357.43 | +1.86% | 70/100 ⭐ |
| MTF R2 | $85,518.56 | +8.32% | 76/100 ⭐ |
Pivot Point: $78,867.20. Crash targets: $58,878 (-25.4%), $50,580 (-36%). MTF confluence: 9 strong levels (1D/3D/1W).
Market Outlook
Bearish momentum persists with Supertrend signal and price below all MAs, but oversold RSI/Stoch and lower BB suggest potential short-term bounce toward R1 $80,357. Deeper supports at $75,770 critical; failure risks $64,655 (-18%).