{"id":143528,"date":"2026-03-20T02:55:36","date_gmt":"2026-03-20T02:55:36","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=143528"},"modified":"2026-03-20T02:55:36","modified_gmt":"2026-03-20T02:55:36","slug":"bitcoin-price-cools-off-range-forms-around-70k-support","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=143528","title":{"rendered":"Bitcoin Price Cools Off \u2014 Range Forms Around $70K Support"},"content":{"rendered":"

Bitcoin price started a sharp decline from well above $73,000. BTC is now consolidating and might aim for a fresh increase if it clears $72,400.<\/em><\/p>\n

Bitcoin started a sharp decline below $72,000 and $71,500.
\nThe price is trading below $72,500 and the 100 hourly simple moving average.
\nThere is a bearish trend line forming with resistance at $71,550 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to rise if it clears the $71,500 and $72,400 levels.<\/p>\n

Bitcoin Price Starts Consolidation<\/h2>\n

Bitcoin price started a sharp decline<\/a> from well above $73,000. BTC declined below $72,500 and $72,000 to enter a short-term bearish zone.<\/p>\n

The bears even pushed the price below $71,200. There was a move toward $68,800. A low was formed at $68,782, and the pair is now consolidating losses. There was a minor upward move above $70,000. The price tested the 23.6% Fib retracement level of the recent decline from the $75,998 swing high to the $68,782 low.<\/p>\n

Bitcoin is now trading below $72,000 and the 100 hourly simple moving average<\/a>. Besides, there is a bearish trend line forming with resistance at $71,550 on the hourly chart of the BTC\/USD pair.<\/p>\n

If the price remains stable above $69,000, it could attempt a fresh increase. Immediate resistance is near the $70,800 level. The first key resistance is near the $71,500 level and the trend line. A close above the $71,500 resistance might send the price further higher.<\/p>\n

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

In the stated case, the price could rise and test the $72,400 resistance or the 50% Fib retracement level of the recent decline from the $75,998 swing high to the $68,782 low. Any more gains might send the price toward the $73,250 level. The next barrier for the bulls could be $74,000.<\/p>\n

Downside Extension In BTC?<\/h2>\n

If Bitcoin fails to rise above the $72,400 resistance zone, it could start another decline. Immediate support is near the $69,650 level. The first major support is near the $69,000 level.<\/p>\n

The next support is now near the $68,800 zone. Any more losses might send the price toward the $68,000 support in the near term. The main support now sits at $67,200, below which BTC might struggle to recover in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now losing 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 $69,650, followed by $68,800.<\/p>\n

Major Resistance Levels \u2013 $71,500 and $72,400.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a sharp decline from well above $73,000. BTC is now consolidating and might aim for a fresh increase if it clears $72,400. Bitcoin started a sharp decline below $72,000 and $71,500. The price is trading below $72,500 and the 100 hourly simple moving average. There is a bearish trend line forming with […]<\/p>\n","protected":false},"author":0,"featured_media":143529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-143528","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\/143528"}],"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=143528"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/143528\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/143529"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=143528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=143528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=143528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}