Bitcoin Dips to a Monthly Low Near $74,000 as Bears Regain Control

Bitcoin slid to a monthly low slightly above $74,000 after extending its week-long drop. Analysts said BTC has fallen below the 100-day and 50-day moving averages, while one market watcher argued whales are placing buy orders to absorb selling. Another analyst said a rebound would likely require reclaiming the low $80,000 area around the daily 200MA/EMA.