Bitcoin Price Pressure Mounts with Death Cross and Potential 83% Drop

Bitcoin's price continues to be under pressure, trading below its EMA50 at $77567.93 on the 4-hour chart. This bearish structure is confirmed by a death cross on the MACD indicator, with a reading of -153.57.

Michael Saylor highlighted that for STRC (Strategy native credit) to hit a 1x BTC Rating, it would require a significant drop in value, specifically an 83% decrease from current levels.

The price action remains contained within the Bollinger Bands, with upper resistance at $79161.92 and lower support at $77176.7, suggesting volatility exhaustion before any sustained move.