Bitcoin Price Fails Again, Is This A Fresh Bearish Signal ❓

Bitcoin's attempt to break above $72,000 resistance fell short, leading to a correction. Currently trading below $70,000 and the 100-hourly moving average, BTC faces key support at $68,500. A break below may push it towards $67,500.

🐻 Bears gained momentum after failing to sustain above $72,000, with a bearish trend line breach near $70,400. Immediate resistance lies at $69,500 and $70,000, while $71,200 poses a significant hurdle for bulls.

📉 Technical indicators signal a bearish outlook, with MACD in the bearish zone and RSI below 50 for BTC/USD pair.

⚠️ Disclaimer: This analysis is for educational purposes only. It's crucial to conduct thorough research before making investment decisions. Remember, investing carries inherent risks.

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