$BTC is currently breaking out of a bearish flag pattern, can $70,000 hold?
From a technical analysis perspective, the price of Bitcoin had previously fallen, indicating that there were more sellers at that time, and they had the upper hand.
Later, the price did not continue to rise or fall dramatically, but fluctuated within a small range, and trading volume decreased, with both buyers and sellers waiting on the sidelines. If the price breaks out of the current range of fluctuations, it may continue to drop, and the extent of the drop could be similar to the previous wave, meaning it might drop to around $70,000.
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