Bitcoin declined sharply from above $73,000, falling to a low of $68,782 before rebounding. It is now consolidating near $70,000.
The price trades below $72,000 and the 100-hour simple moving average. A bearish trend line caps upside near $71,550.
Bullish momentum requires a decisive break above $71,500 - then $72,400 - to retest $73,250 or $74,000. Failure risks renewed decline toward $68,800 and $67,200.
Key technical signals: Hourly MACD slowing in bearish territory; RSI below 50.