Bitcoin loses the $75,000 area, and buyers failed to defend this level.
The current movement has turned negative after support broke.
Now, the 75,000$ area has become a level that needs to be reclaimed, rather than just support to rely on.
If trading continues below $75,000 and we don't see a close that pushes the price back above this area, we could see selling pressure toward $71,000.
There is significant liquidity below the price near $71,000, and it could be the next stop if buyers continue to weaken.
The current movement has turned negative after support broke.
Now, the 75,000$ area has become a level that needs to be reclaimed, rather than just support to rely on.
If trading continues below $75,000 and we don't see a close that pushes the price back above this area, we could see selling pressure toward $71,000.
There is significant liquidity below the price near $71,000, and it could be the next stop if buyers continue to weaken.
