🪙Bitcoin - likely decline to supports 68.7-67.9K.
The price absorbed yesterday's pressure from buyers who could not develop success and push the price above 70K. The zone of 70500 currently acts as resistance and a turning point; while the price is below, a decline is likely.
Moreover, the price is below the 20 MA and is currently testing the 50 MA, and the MACD also looks bearish.
An alternative scenario is a breakout upwards of 70.5, which could send the price to 72K. #BTC $BTC
The price absorbed yesterday's pressure from buyers who could not develop success and push the price above 70K. The zone of 70500 currently acts as resistance and a turning point; while the price is below, a decline is likely.
Moreover, the price is below the 20 MA and is currently testing the 50 MA, and the MACD also looks bearish.
An alternative scenario is a breakout upwards of 70.5, which could send the price to 72K. #BTC $BTC