{"id":10641,"date":"2026-03-20T06:00:32","date_gmt":"2026-03-20T06:00:32","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-cools-off-range-forms-around-70k-support\/"},"modified":"2026-03-20T06:00:32","modified_gmt":"2026-03-20T06:00:32","slug":"bitcoin-price-cools-off-range-forms-around-70k-support","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-cools-off-range-forms-around-70k-support\/","title":{"rendered":"Bitcoin Price Cools Off \u2014 Range Forms Around $70K Support"},"content":{"rendered":"<p><em>Bitcoin price started a sharp decline from well above $73,000. BTC is now consolidating and might aim for a fresh increase if it clears $72,400.<\/em><\/p>\n<ul>\n<li>Bitcoin started a sharp decline below $72,000 and $71,500.<\/li>\n<li>The price is trading below $72,500 and the 100 hourly simple moving average.<\/li>\n<li>There is a bearish trend line forming with resistance at $71,550 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might continue to rise if it clears the $71,500 and $72,400 levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Consolidation<\/h2>\n<p>Bitcoin price started a sharp decline from well above $73,000. BTC declined below $72,500 and $72,000 to enter a short-term bearish zone.<\/p>\n<p>The bears even pushed the price below $71,200. There was a move toward $68,800. A low was formed at $68,782, and the pair is now consolidating losses. There was a minor upward move above $70,000. The price tested the 23.6% Fib retracement level of the recent decline from the $75,998 swing high to the $68,782 low.<\/p>\n<p>Bitcoin is now trading below $72,000 and the 100 hourly simple moving average. Besides, there is a bearish trend line forming with resistance at $71,550 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>If the price remains stable above $69,000, it could attempt a fresh increase. Immediate resistance is near the $70,800 level. The first key resistance is near the $71,500 level and the trend line. A close above the $71,500 resistance might send the price further higher.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-888185\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/03\/Bitcoin_b3d70b.png?resize=1024%2C512\" alt=\"Bitcoin Price \" width=\"1024\" height=\"512\" \/><\/p>\n<p>In the stated case, the price could rise and test the $72,400 resistance or the 50% Fib retracement level of the recent decline from the $75,998 swing high to the $68,782 low. Any more gains might send the price toward the $73,250 level. The next barrier for the bulls could be $74,000.<\/p>\n<h2>Downside Extension In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $72,400 resistance zone, it could start another decline. Immediate support is near the $69,650 level. The first major support is near the $69,000 level.<\/p>\n<p>The next support is now near the $68,800 zone. Any more losses might send the price toward the $68,000 support in the near term. The main support now sits at $67,200, below which BTC might struggle to recover in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $69,650, followed by $68,800.<\/p>\n<p>Major Resistance Levels \u2013 $71,500 and $72,400.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a sharp decline from well above $73,000. BTC is now consolidating and might aim for a fresh increase if it clears $72,400. Bitcoin started a sharp decline below $72,000 and $71,500. The price is trading below $72,500 and the 100 hourly simple moving average. There is a bearish trend line forming with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10642,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-10641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtusd"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/10641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=10641"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/10641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/10642"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=10641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=10641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=10641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}