Following recent lower highs and increased volatility, #Bitcoin is testing the $70K support level.
RSI and MACD indicate neutral-to-bearish momentum, while short-term MAs are resistant to recovery.
Despite economic tightening, there is still a correlation with tech stocks.
The basics of networks, such as protocol scarcity and hash rate, are still solid.
Before macro or regulatory triggers cause sentiment to change, the price may consolidate.
$70K support and $80K resistance are critical levels.
BTCUSDT
Perp
68,955.5
-2.31%