That $70k level is starting to look like a massive psychological wall.
$BTC is really testing everyone's patience right here. We had that nice push toward $76k, but the rejection was pretty swift. Now we’re sitting at $70,050 and the bears are definitely trying to put a cap on this move.
Looking at the daily candles, we’ve got some selling pressure kicking in. The order book is looking a bit heavy on the ask side (86% sell vs 13% buy), which usually means we might see a bit more of a dip before any real recovery.
If we can’t hold this $70k mark, I’m looking at $66k as the next logical spot