Bitcoin Tests Early $70,000 Support; $78,000 Recovery is a Watershed Moment

Bitcoin (BTC) is facing renewed bearish pressure, testing the critical support level around $70,000. While a short-term rebound is possible, analysts suggest that a sustained recovery above $78,000 is crucial for regaining market dominance. The current price range is considered the last meaningful support, with higher timeframes still indicating a dominant downtrend and repeated failures to break key moving averages.

Catch the next bear flag

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