Breaking: Bitcoin slips below $70,000 for the first time since August
Source Fxstreet
- Bitcoin extends losses below $70,000 on Friday, stretching the 3% losses from the previous day.
- Momentum indicators suggest firm selling pressure despite reaching oversold levels.
- The technical outlook for BTC is bearish, with sellers focused on the next support level around $67,292.
Bitcoin (BTC) is attracting some serious sellers, pushing it below $70,000 on Friday after an over 3% decline the previous day. The Crypto King is down over 5% so far this week, and a bearish close could mark its sixth consecutive week of losses. The technical outlook for Bitcoin is bearish, with sellers tightening their grip despite overextending the downtrend to oversold levels.
(This is breaking news and will be updated as the story develops.)
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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