$BTC Bitcoin Price Takes A Hit

Bitcoin price failed to stay above the $74,000 support zone. BTC remained in a bearish zone and extended losses below the $73,500 level. There was a move below the $73,000 level.

There was a break below a bullish trend line with support at $73,250 on the hourly chart of the BTC/USD pair. The price even dipped below $72,000. A low was formed at $70,581 and the price is now consolidating losses with a bearish angle below the 23.6% Fib retracement level of the downward move from the $74,161 swing high to the $70,581 low.