Bitcoin is under serious selling pressure above $70,000. On an hourly basis, a $20 million selling volume is being observed, making it difficult for the price to move higher. In the past few hours, Bitcoin needs buyer support to hold at this level.



Price action looks somewhat tight. Bitcoin needs a stronger buying wave to break through this resistance level. The market is currently indecisive, and it could move in either direction.

Traders are closely monitoring how Bitcoin behaves in this $70,000 zone. If the selling pressure continues, it could drop lower, but if buyers strengthen, it could rise. As long as Bitcoin’s volatility remains high, these kinds of swings are likely to be normal.
BTC-0.22%
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