Bitcoin Price Breaks Below $70K, Sellers Eye Further Downside

Bitcoin price declined below $70,500 and tested support at $68,115 after failing to maintain gains above $72,000. Technical indicators show bearish momentum with key resistance at $70,000 and potential further downside to $65,500 if current support levels fail.

• →Bitcoin dropped from above $71,200 to test lows around $68,115, breaking below key support levels.
• →Price is currently trading below the 100-hour moving average with bearish trend line resistance at $70,050.
• →Key resistance levels are at $70,000 and $70,500, while major support sits at $68,000 and $65,500.
• →Technical indicators show MACD losing pace in bearish territory and RSI below 50.
• →A failure to reclaim $70,000 could lead to further decline toward $66,800-$65,500 support zone.