Bitcoin Slips Under $70,000 After Losing $70,500; Bears Target Lower Levels

Bitcoin fell back below $70,500 and broke under $70,000 after failing to extend gains above $72,000. Price action then probed the $68,000 area with a low at $68,115, and BTC is consolidating while trading below $70,200 and the 100-hour SMA. The setup highlights resistance near $70,050 and outlines supports at $68,400 and $68,000 if downside resumes.