Bitcoin Struggles Below $70,000 As Key Resistance Near $72,000 Caps Recovery

Bitcoin has bounced from the $66,500–$68,000 area but remains below $70,000 and the 100‑hour simple moving average, with multiple resistance zones between $69,200 and $72,500. Technical levels indicate that a close above $71,000–$72,000 could open the way toward $73,500–$74,500, while failure to break higher risks renewed losses toward $67,650, $65,500 and potentially $63,200. Momentum indicators such as the hourly MACD and RSI currently point to a bearish bias for BTC/USD.