{"id":132574,"date":"2026-02-05T02:43:30","date_gmt":"2026-02-05T02:43:30","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=132574"},"modified":"2026-02-05T02:43:30","modified_gmt":"2026-02-05T02:43:30","slug":"bitcoin-price-falls-further-raising-stakes-at-the-70k-support","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=132574","title":{"rendered":"Bitcoin Price Falls Further, Raising Stakes At The $70K Support"},"content":{"rendered":"

Bitcoin price extended its decline below $73,500. BTC is now consolidating losses but faces many hurdles near $75,500.<\/em><\/p>\n

Bitcoin is attempting to recover but struggling to clear hurdles.
\nThe price is trading below $75,000 and the 100 hourly simple moving average.
\nThere is a bearish trend line forming with resistance at $75,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might dip again if it trades below the $72,000 and $71,200 levels.<\/p>\n

Bitcoin Price Dips Further<\/h2>\n

Bitcoin price failed to remain stable above the $75,000 zone. BTC extended its decline below the $74,000 and $73,500 levels. The bears were able to push the price below $72,500.<\/p>\n

A low was formed at $71,532, and the price is now consolidating losses<\/a>. The current price action is negative below the 23.6% Fib retracement level of the recent downward move from the $76,866 swing high to the $71,532 low. There is also a bearish trend line forming with resistance at $75,200 on the hourly chart of the BTC\/USD pair.<\/p>\n

Bitcoin is now trading below $75,000 and the 100 hourly simple moving average<\/a>. If the price remains stable above $72,000, it could attempt a fresh increase. Immediate resistance is near the $72,850 level. The first key resistance is near the $74,200 level.<\/p>\n

A close above the $74,200 resistance might send the price further higher. In the stated case, the price could rise and test the $75,000 resistance or the 61.8% Fib retracement level of the recent downward move from the $76,866 swing high to the $71,532 low.<\/p>\n

<\/a><\/p>\n

Any more gains might send the price toward the $75,500 level and the trend line. The next barrier for the bulls could be $76,850 and $78,000.<\/p>\n

Another Decline In BTC?<\/h2>\n

If Bitcoin fails to rise above the $75,000 resistance zone, it could start another decline. Immediate support is near the $72,000 level. The first major support is near the $71,200 level.<\/p>\n

The next support is now near the $70,500 zone. Any more losses might send the price toward the $70,000 support in the near term. The main support now sits at $68,000, below which BTC might struggle to recover in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $72,000, followed by $71,200.<\/p>\n

Major Resistance Levels \u2013 $72,850 and $74,200.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price extended its decline below $73,500. BTC is now consolidating losses but faces many hurdles near $75,500. Bitcoin is attempting to recover but struggling to clear hurdles. The price is trading below $75,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $75,200 on the hourly […]<\/p>\n","protected":false},"author":0,"featured_media":132575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-132574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/132574"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=132574"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/132574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/132575"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=132574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=132574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=132574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}