High
Bitcoin failed to hold above $70,000, initiating a significant decline below $68,800 and $68,000. it is now battling the $65,000 level, with potential for further losses toward $63,500 and $62,000 if key supports are breached.
High
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Bearish
The price has broken multiple support levels, including $70,000, $68,800, and $68,000. technical indicators like the hourly macd are gaining pace in the bearish zone, and the hourly rsi is below 50. a bearish trend line is forming with resistance at $68,200, suggesting continued downside pressure.