Bitcoin Slumps Again to $74K as Bearish Market Structure Intensifies
Bitcoin’s price troubles seem to have no end currently, as the asset just posted yet another leg down that drove it to a monthly low of just over $74,000. This comes as popular analyst CW claimed that retail investors have been disposing of their assets, while whales have set up buy orders that can absorb the pressure. Bearish Market Structure Returns After losing $8,000 in just over a week, many analysts have turned the page on their price analysis.
” Fellow analyst CW tried to bring some positivity to the table, arguing that bitcoin whales have stepped up by attempting to absorb the selling volume through buy orders at current price levels. After they removed their sell orders at higher prices, they are “absorbing selling volume from retail investors,” CW added . CryptoPotato listed five reasons earlier today behind BTC’s crash, which at the time was stopped at $75,000.
Some of them include selling from major investors, but perhaps the most valid one is the growing uncertainty and tension between the US and Iran. The most recent reports on the war front indicate that the ceasefire might be coming to an end soon, which has historically led to immediate price declines from risk-on assets like BTC. What BTC Needs to Do Another popular analyst, Daan Crypto Trades, outlined bitcoin’s potential path to recovery if it’s to rebound soon.
The key level that has to be reclaimed remains the low $80,000 region with the “horizontal and Daily 200MA/EMA sitting right around” it. ” $BTC It is still pretty straight forward from here looking at the chart. Bitcoin needs to clear that low $80Ks region with the horizontal and Daily 200MA/EMA sitting right around the same region.
com/01yL1CqatF — Daan Crypto Trades (@DaanCrypto) May 22, 2026 The post Bitcoin Slumps Again to $74K as Bearish Market Structure Intensifies appeared first on CryptoPotato .
