Bitcoin faces the risk of a new drop.. Will it reach $70,000?
After BTC failed to break above $79,000, selling pressure returned and pushed the price toward $77,000, with position liquidations of about $547 million
$77,000: an important current support
Breaking below this level could push the price toward $71,000–$70,000
If selling pressure escalates, a deeper support zone appears around 68,000$
Meanwhile, reclaiming $79,000$ and holding above it could restore positive momentum and reduce the risk of a downturn
Bitcoin’s crucial $77,000 zone is the first line of defense; breaking it could open the way toward $70,000–$71,000
After BTC failed to break above $79,000, selling pressure returned and pushed the price toward $77,000, with position liquidations of about $547 million
$77,000: an important current support
Breaking below this level could push the price toward $71,000–$70,000
If selling pressure escalates, a deeper support zone appears around 68,000$
Meanwhile, reclaiming $79,000$ and holding above it could restore positive momentum and reduce the risk of a downturn
Bitcoin’s crucial $77,000 zone is the first line of defense; breaking it could open the way toward $70,000–$71,000