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Bitcoin is pushing down again. Over the weekend, the cryptocurrency approached the $74,600 mark, and now the price has fallen even lower — to the $71,000–$73,000 range. It seems that the wave of sell-offs in the stock market is also dragging down the crypto.
I’ve noticed that when stocks fall, investors start closing positions everywhere, including Bitcoin. This is a classic pattern — when risk-off sentiment prevails, the alternative asset suffers first. The current price stays around $72.99k, but the support level is clearly weakening.
If there is no rebound soon, a new local low could be established. We need to watch the behavior at $71K — this is a critical zone. It will be interesting to see whether the price holds or breaks below.