Bitcoin Price Analysis: Can BTC Hold $70K After a Brutal $10K Weekly Drop?
Bitcoin is approaching the lower boundary of its broader ascending channel after extending its decline toward $71K.
Bitcoin Price Analysis: The Daily Chart The daily chart shows Bitcoin continuing to form lower highs and lower lows after losing the ascending channel’s midpoint.
The failed recovery toward $81K was followed by sustained selling, with the price now approaching the channel’s lower boundary around $70K-$71K. This trendline is an important test of the broader rising structure.
