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Breaking: Bitcoin Sees First Drop Below $70,000 Since August
- Selling pressure keeps Bitcoin below $70,000 on Friday as it adds to the previous day’s 3% loss.
- Despite moving into oversold territory, momentum indicators continue to signal strong selling pressure.
- With BTC’s technical outlook remaining bearish, sellers are targeting the next support near $67,292.
Heavy selling pressure is weighing on Bitcoin (BTC), which has slipped below $70,000 on Friday following a decline of over 3% the previous day. With the Crypto King’s losses for the week now exceeding 5%, a bearish close could make this its sixth straight week of declines. Sellers retain an increasingly firm grip on Bitcoin’s bearish technical outlook, even as the extended downtrend has pushed it into oversold territory.
(This is breaking news and will be updated as the story develops.)
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