Bitcoin Drops From Above $72,000 as BTC Consolidates Below $70,500

Bitcoin fell sharply from above $72,000, breaking below $71,200 and $70,500 before sliding to a $67,343 low. BTC is consolidating under $70,000 and the 100-hour simple moving average, with resistance highlighted near $69,200 and $70,000. A move above $70,000 could ease pressure, while failure to reclaim it may expose supports at $68,000 and $67,250.