Bitcoin Price Breaks Below $70K, Sellers Eye Further Downside

AI Briefing

• – Bitcoin price drops below $70,500, forming bearish trend line with resistance at $70,050.
• – Price consolidates losses near 23.6% Fib retracement level of downward move from $71,985 to $68,115.
• – Immediate support near $68,400, followed by $68,000, with $65,500 as a potential long-term support level.