{"id":145101,"date":"2026-03-27T02:32:23","date_gmt":"2026-03-27T02:32:23","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=145101"},"modified":"2026-03-27T02:32:23","modified_gmt":"2026-03-27T02:32:23","slug":"bitcoin-price-breaks-below-70k-sellers-eye-further-downside","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=145101","title":{"rendered":"Bitcoin Price Breaks Below $70K, Sellers Eye Further Downside"},"content":{"rendered":"

Bitcoin price failed to stay above $70,500 and declined further. BTC is now consolidating below $70,500 and might continue to move down.<\/em><\/p>\n

Bitcoin started a fresh decline from well above the $71,200 zone.
\nThe price is trading below $70,500 and the 100 hourly simple moving average.
\nThere is a bearish trend line forming with resistance at $70,050 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might start another decline if it stays below the $70,000 and $70,500 levels.<\/p>\n

Bitcoin Price Dips Further<\/h2>\n

Bitcoin price failed to continue higher above $72,000 and reacted to the downside<\/a>. BTC trimmed gains and declined below the $71,200 support.<\/p>\n

The bears pushed the price below $70,500 and $70,000. The price tested the $68,000 zone. A low was formed at $68,115, and the price is now consolidating losses near the 23.6% Fib retracement level of the downward move from the $71,985 swing high to the $68,115 low.<\/p>\n

Bitcoin is now trading below $70,200 and the 100 hourly simple moving average<\/a>. There is also a bearish trend line forming with resistance at $70,050 on the hourly chart of the BTC\/USD pair.<\/p>\n

If the price remains stable above $68,200, it could attempt a fresh increase. Immediate resistance is near the $69,200 level. The first key resistance is near the $70,000 level and the trend line. A close above the $70,000 resistance might send the price further higher.<\/p>\n

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

In the stated case, the price could rise and test the $70,500 resistance or the 61.8% Fib retracement level of the downward move from the $71,985 swing high to the $68,115 low. Any more gains might send the price toward the $71,200 level. The next barrier for the bulls could be $72,000.<\/p>\n

More Losses In BTC?<\/h2>\n

If Bitcoin fails to rise above the $70,000 resistance zone, it could start another decline. Immediate support is near the $68,400 level. The first major support is near the $68,000 level.<\/p>\n

The next support is now near the $67,200 zone. Any more losses might send the price toward the $66,800 support in the near term. The main support now sits at $65,500, 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 $68,400, followed by $68,000.<\/p>\n

Major Resistance Levels \u2013 $70,000 and $70,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price failed to stay above $70,500 and declined further. BTC is now consolidating below $70,500 and might continue to move down. Bitcoin started a fresh decline from well above the $71,200 zone. The price is trading below $70,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":145102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-145101","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\/145101"}],"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=145101"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/145101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/145102"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=145101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=145101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=145101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}