BEARISH 📉 : Bitcoin drops below $70,000 as sellers target $65,000 support
Bitcoin drops to $67.3K, stays under $70K. Sellers cap bounce near $69.2K.
Bitcoin slid from above $72K to a $67,343 low and is consolidating below $70K and the 100‑hour SMA. Key levels remain intact from the latest NewsBTC analysis.
Price holds under $70,500 and the 100‑hour SMA. A bearish trendline sits near $69,200 on BTC/USD, per the same read. Details here.
Minor rebound above $68K failed to reclaim the 23.6% Fib of the $75,999 to $67,343 drop. Bulls need a close over $69,200 to test $70,000, then $71,650 (50% Fib) and $72,800. Source.
If price stays below $69,200–$70,000, sellers may push to $68,000, $67,250, then $66,500. Next supports are $65,000 and $63,500. Source.
• Indicators
- MACD: bearish momentum building
- RSI: below 50
- Structure: short‑term bearish below $70K and 100‑hour SMA
Source
