$BTC
đ BTC Rejected at $70K â Correction or Market Collapse?
Bitcoin is currently facing strong resistance at the $70,000 level â a major psychological and technical supply zone. After multiple failed breakout attempts, price has pulled back nearly 5%, triggering market-wide weakness.
However, this move does not necessarily signal a crash.
In crypto markets, pullbacks of 4â8% near key resistance levels are common and often serve as liquidity resets before the next directional move. What we are seeing may be profit-taking and leverage flush-outs rather than structural breakdown.
The key factor now is whether Bitcoin can hold nearby support zones. A confirmed breakout above $70K with strong volume could open the door to acceleration. Failure to hold support may lead to a deeper correction phase.
Markets donât collapse at resistance â they decide.
Smart money watches structure. Emotional money watches candles.