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Breaking: $70,000 level gives way as Bitcoin falls below it for the first time since August
- $70,000 gives way as Bitcoin falls further on Friday. The decline extends the previous day’s 3% loss.
- Even at oversold levels, momentum indicators point to sustained selling pressure.
- Around $67,292 is the next support level in sellers’ sights as BTC’s technical outlook remains bearish.
Bitcoin (BTC) has lost over 5% so far this week. Heavy selling pushed the cryptocurrency below $70,000 on Friday, following a decline of over 3% the day before. A bearish weekly close could leave the Crypto King with six consecutive weeks of losses. Sellers continue to strengthen their hold, keeping Bitcoin’s technical outlook bearish even as the extended downtrend has taken it into oversold territory.
(This is breaking news and will be updated as the story develops.)
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