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Breaking: Bitcoin slips below $70,000 for the first time since August

  • 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.
Breaking: Bitcoin slips below $70,000 for the first time since August
Vishal DixitVishal DixitFXStreet

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. 

BTC/USDT daily price chart.

(This is breaking news and will be updated as the story develops.)

Author

Vishal Dixit

Vishal Dixit

FXStreet

Vishal Dixit holds a B.Sc. in Chemistry from Wilson College but found his true calling in the world of crypto.

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