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Breaking: Bitcoin falls below $70,000, a level last breached in August
- Following the previous day’s 3% decline, Bitcoin falls further below $70,000 on Friday.
- Despite oversold readings, momentum indicators point to sustained selling pressure.
- Sellers are targeting the next support near $67,292 as the technical outlook for BTC remains bearish.
After falling over 3% the previous day, Bitcoin (BTC) has dropped below $70,000 on Friday amid strong selling pressure. With losses exceeding 5% so far this week, the Crypto King could record its sixth consecutive weekly decline if it closes lower. Although the downtrend has stretched into oversold territory, sellers continue to strengthen their hold, leaving Bitcoin’s technical outlook bearish.
(This is breaking news and will be updated as the story develops.)
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