Analysis: Bitcoin Continues to Decline for the Fifth Consecutive Month, $70,000 Level Becomes a Key Resistance
BlockBeats reports that on February 27, Bitcoin's price was blocked at the $70,000 round number, currently fluctuating around $67,000. Technical indicators show that BTC is facing triple weekly resistance levels: the 200-week EMA (approximately $68,330), the 2021 all-time high of $69,000, and the psychological barrier of $70,000, limiting short-term rebound potential. Since February, BTC has declined by about 14%, or recorded its fifth consecutive month of decline, marking the first s
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