Bitcoin Daily Chart is showing weakness.

Got rejected at the 200-day MA and now testing support at $78,000.

A break below $78,000 could open the door to $73,500 and then $70,000.

On the Weekly Chart:

Bitcoin looks like it has broken out of a long-term falling trendline, with bullish MACD and RSI.

However, the real move won’t start until Bitcoin begins moving on its own strength instead of riding Nasdaq’s coattails.