Bitcoin falls to $75,675 as technical indicators warn of deeper correction

Bitcoin is trading near $75,675, marking a drop of roughly 6.15% in the latest session. Technical signals point to continued selling pressure, with the $73,000 support zone emerging as a crucial reference for determining whether the current price correction may deepen. Market analyst Benjamin Cowen has expressed concern that Bitcoin could face another selloff if the NASDAQ 100 returns to its summer lows. In a recent statement on X, Cowen referenced the historical relationship between major equity indices and Bitcoin’s performance. “If the NASDAQ can go back to the summer lows, then so can Bitcoin,” Cowen wrote, emphasizing the linkage between technology stocks and cryptocurrency markets. Technology stocks have come under renewed pressure amid volatility in broader markets, reinforcing Cowen’s concerns.

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