🚨 $BTC IS BITCOIN HEADING TOWARD $70K?
Bitcoin is facing heavy selling pressure on the 4H chart, with price dropping to $71,381.2. Bears remain in control as BTC trades below the MA(7), MA(25), and MA(99).
The $71,250–$71,000 area is the immediate support zone to watch. A confirmed breakdown could open the door toward the major psychological support at $70,000.
Key Levels:
- Current Price: $71,381.2
- Immediate Support: $71,250
- Major Support: $70,000
- Resistance: $73,400–$74,200
- Bearish Confirmation: 4H close below $71,250
A recovery above $74,200 could weaken the bearish structure.
Stay cautious and manage risk. 📉
Bitcoin is facing heavy selling pressure on the 4H chart, with price dropping to $71,381.2. Bears remain in control as BTC trades below the MA(7), MA(25), and MA(99).
The $71,250–$71,000 area is the immediate support zone to watch. A confirmed breakdown could open the door toward the major psychological support at $70,000.
Key Levels:
- Current Price: $71,381.2
- Immediate Support: $71,250
- Major Support: $70,000
- Resistance: $73,400–$74,200
- Bearish Confirmation: 4H close below $71,250
A recovery above $74,200 could weaken the bearish structure.
Stay cautious and manage risk. 📉
