It looks like Bitcoin (BTC) is experiencing a dip in price against Tether (USDT), dropping by 2.86% to around 70,188 USDT. The recent trading range shows a 24-hour high of 72,961 USDT and a low of 70,022 USDT.
The Moving Averages (MAs) for 7, 25, and 99 periods indicate a downward trend, as the price remains below all three.
This chart, with a 15-minute interval, shows a series of red candles and high-volume bars, indicating selling pressure in recent hours. If this downward momentum continues, the price may test the lower support levels.
$BTC However, traders should watch for any reversal signals or an increase in buying volume, which could hint at a potential bounce-back.
Keep an eye on the 70,000 level for support, as this psychological barrier often attracts buyers. If broken, a further decline might follow.
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