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Bitcoin Price Analysis: Why $70,000 Is the Most Critical Level Right Now


by Shayan Markets
for CryptoPotato
Bitcoin Price Analysis: Why $70,000 Is the Most Critical Level Right Now

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Bitcoin continues to face intense selling pressure, breaking below its yearly lows amid escalating geopolitical tensions between the United States and Iran. This risk-off backdrop has accelerated downside momentum, and while further weakness remains possible, the market is increasingly approaching levels that could trigger a short-term consolidation phase in the days ahead.

Bitcoin Price Analysis: The Daily Chart

On the daily timeframe, BTC has been hit by aggressive sell-side activity, driving the price decisively below key support levels, including the major yearly low at $74K. The decline has now extended into the $70K psychological zone, a historically significant area where resting demand and dip-buying interest are likely to emerge.

Read the article at CryptoPotato

In This News

Coins

$ 67.23K

-9.05%

$ 0.00258


Funds

Share:

In This News

Coins

$ 67.23K

-9.05%

$ 0.00258


Funds

Share:

Read More

Bitcoin Price Prediction: What Is the Most Likely Scenario for BTC After Crash to $74K?

Bitcoin Price Prediction: What Is the Most Likely Scenario for BTC After Crash to $74K?

Bitcoin’s recent sell-off has stalled after reaching a critical demand zone around $7...
Roubini Predicts a ‘Crypto Apocalypse’ Amidst Bitcoin’s Plunge Under Trump-Era Policies

Roubini Predicts a ‘Crypto Apocalypse’ Amidst Bitcoin’s Plunge Under Trump-Era Policies

Roubini said that Bitcoin behaves like a leveraged bet, rising and falling alongside ...

Bitcoin Price Analysis: Why $70,000 Is the Most Critical Level Right Now


by Shayan Markets
for CryptoPotato
Bitcoin Price Analysis: Why $70,000 Is the Most Critical Level Right Now

Share:

Bitcoin continues to face intense selling pressure, breaking below its yearly lows amid escalating geopolitical tensions between the United States and Iran. This risk-off backdrop has accelerated downside momentum, and while further weakness remains possible, the market is increasingly approaching levels that could trigger a short-term consolidation phase in the days ahead.

Bitcoin Price Analysis: The Daily Chart

On the daily timeframe, BTC has been hit by aggressive sell-side activity, driving the price decisively below key support levels, including the major yearly low at $74K. The decline has now extended into the $70K psychological zone, a historically significant area where resting demand and dip-buying interest are likely to emerge.

Read the article at CryptoPotato

In This News

Coins

$ 67.23K

-9.05%

$ 0.00258


Funds

Share:

In This News

Coins

$ 67.23K

-9.05%

$ 0.00258


Funds

Share:

Read More

Bitcoin Price Prediction: What Is the Most Likely Scenario for BTC After Crash to $74K?

Bitcoin Price Prediction: What Is the Most Likely Scenario for BTC After Crash to $74K?

Bitcoin’s recent sell-off has stalled after reaching a critical demand zone around $7...
Roubini Predicts a ‘Crypto Apocalypse’ Amidst Bitcoin’s Plunge Under Trump-Era Policies

Roubini Predicts a ‘Crypto Apocalypse’ Amidst Bitcoin’s Plunge Under Trump-Era Policies

Roubini said that Bitcoin behaves like a leveraged bet, rising and falling alongside ...