{"id":9825,"date":"2026-02-05T06:00:25","date_gmt":"2026-02-05T06:00:25","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-falls-further-raising-stakes-at-the-70k-support\/"},"modified":"2026-02-05T06:00:25","modified_gmt":"2026-02-05T06:00:25","slug":"bitcoin-price-falls-further-raising-stakes-at-the-70k-support","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-falls-further-raising-stakes-at-the-70k-support\/","title":{"rendered":"Bitcoin Price Falls Further, Raising Stakes At The $70K Support"},"content":{"rendered":"<p><em>Bitcoin price extended its decline below $73,500. BTC is now consolidating losses but faces many hurdles near $75,500.<\/em><\/p>\n<ul>\n<li>Bitcoin is attempting to recover but struggling to clear hurdles.<\/li>\n<li>The price is trading below $75,000 and the 100 hourly simple moving average.<\/li>\n<li>There is a bearish trend line forming with resistance at $75,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might dip again if it trades below the $72,000 and $71,200 levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Dips Further<\/h2>\n<p>Bitcoin price failed to remain stable above the $75,000 zone. BTC extended its decline below the $74,000 and $73,500 levels. The bears were able to push the price below $72,500.<\/p>\n<p>A low was formed at $71,532, and the price is now consolidating losses. The current price action is negative below the 23.6% Fib retracement level of the recent downward move from the $76,866 swing high to the $71,532 low. There is also a bearish trend line forming with resistance at $75,200 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin is now trading below $75,000 and the 100 hourly simple moving average. If the price remains stable above $72,000, it could attempt a fresh increase. Immediate resistance is near the $72,850 level. The first key resistance is near the $74,200 level.<\/p>\n<p>A close above the $74,200 resistance might send the price further higher. In the stated case, the price could rise and test the $75,000 resistance or the 61.8% Fib retracement level of the recent downward move from the $76,866 swing high to the $71,532 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-879575\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Bitcoin_5dfc54.png?resize=1024%2C509\" alt=\"Bitcoin Price \" width=\"1024\" height=\"509\" \/><\/p>\n<p>Any more gains might send the price toward the $75,500 level and the trend line. The next barrier for the bulls could be $76,850 and $78,000.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $75,000 resistance zone, it could start another decline. Immediate support is near the $72,000 level. The first major support is near the $71,200 level.<\/p>\n<p>The next support is now near the $70,500 zone. Any more losses might send the price toward the $70,000 support in the near term. The main support now sits at $68,000, 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 gaining 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 $72,000, followed by $71,200.<\/p>\n<p>Major Resistance Levels \u2013 $72,850 and $74,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price extended its decline below $73,500. BTC is now consolidating losses but faces many hurdles near $75,500. Bitcoin is attempting to recover but struggling to clear hurdles. The price is trading below $75,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $75,200 on the hourly&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9826,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-9825","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\/9825","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=9825"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/9825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/9826"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=9825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=9825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=9825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}