Bitcoin Price Tests $70K Resistance as Descending Channel Keeps BTC in Bearish Structure

Bitcoin has rebounded toward the $70K–$72K region after a sell-off from above $75K drove the price into the $60K demand zone, where buyers stepped in. The move is still unfolding inside a descending channel, and as long as BTC trades below $75K–$80K, it is treated as a corrective bounce with $70K–$72K acting as key resistance and $60K as the main support area. A break above $72K could open the way to $75K and higher, while failure there may send the price back toward $65K and possibly $60K.