Bitcoin Struggles Below $71,800 Resistance as Bears Keep Pressure

Bitcoin failed to break the key resistance level at $71,800, leading to bearish market sentiment and increased downside risk. It recently bounced off short-term support at $65,650 but remains vulnerable to retesting the $60,000 lows if support levels fail. Technical indicators highlight critical support at the 0.618 Fibonacci retracement near $57,800, with resistance clustered between $71,800 and $84,000.