Bitcoin Price Breaks Below $70K, Sellers Eye Further Downside

What: Bitcoin price has broken below $70K, with sellers eyeing further downside.
Why: The price failed to stay above $70,500 and declined further, starting a fresh decline from well above the $71,200 zone.
Signal: The price is trading below $70,500 and the 100 hourly simple moving average, indicating a bearish trend.
Target: The price may continue to move down, with sellers eyeing further downside.
Risk: Investors should be cautious as the price is trading below key support levels.