Bitcoin technical outlook: BTC tests $70K–$72K as $75K–$76K flips to resistance

Bitcoin remains under pressure after dropping below the $75K–$76K support area, with price action still capped by the descending 200-day MA near $80K–$81K. The market is now approaching a key support confluence around $70K–$72K, where trendline support and the 100-day MA near $73K may trigger a short-term bounce. If this zone fails, downside targets highlighted on the charts include $65K–$66K and the broader $60K–$63K demand region.