Bitcoin price sets new 15-month low under $73K as crypto liquidates $800M

💡 DMK Insight

Bitcoin’s drop to $72,702 is a critical moment for traders: support at $70,000 is now under threat. Breaking below this level could trigger a wave of selling, pushing BTC further down and potentially leading to a cascade effect across the crypto market. Traders should be watching for volume spikes and sentiment shifts, as these could indicate whether the support holds or breaks. If we see a strong rejection at $70,000, it might present a buying opportunity, but if it fails, look out for a test of lower levels, possibly around $65,000. This situation is compounded by broader market trends, including regulatory news and macroeconomic factors that could influence risk appetite. On the flip side, if Bitcoin manages to reclaim $75,000, it could signal a reversal and attract bullish momentum. Keep an eye on the daily chart for any signs of a bullish divergence or increased buying pressure as we approach these critical levels.