The post Bitcoin Rejected Again — Is BTC Setting Up for a Sharp Drop Below $70K? appeared first on Coinpedia Fintech News
Bitcoin price faced a rejection near the crucial resistance, plunging by 2.62% to reach close to $75,000. The rally seems to be driven by geopolitical news, as the recent gains have completely faded. The IRGC fully blocked the Strait of Hormuz again, which has intensified the selling pressure on the token.
After another rejection near the $75K–$78K zone, price action is starting to show signs of exhaustion, not continuation. What makes this setup more concerning is what’s happening beneath the surface. Profit-taking is rising, positioning remains fragile, and the structure continues to print lower highs. This is not a confirmed breakdown yet—but it is no longer a healthy uptrend either.
The current setup increasingly resembles early-stage distribution, where upside attempts weaken, and downside risk quietly builds.
Profit-Taking Rises as Shor
We współpracy z: https://coinpedia.org/price-analysis/bitcoin-rejected-again-is-btc-setting-up-for-a-sharp-drop-below-70k/
