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.
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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 More




