Bitcoin Down 2% After $75,000 Rejection: Why Is It Going Down?

All four EMAs remain bearishly stacked above price. The 20 EMA at $70,771 and 50 EMA at $72,911 are the nearest levels.Bitcoin tagged a session high of $74,700 before getting rejected. The $75,218 level acts as a hard ceiling, coinciding with the Bollinger Band mid-band and descending trendline resistance that has capped rallies since November.Trending: Build your own AI-powered index in minutes — and earn an uncapped 1% match when you move your portfolio to Public. Learn how it works.“The practical effect ...