[[{“value”:”The post BTC Price May Not Make It to $70,000: Bitcoin Death Cross May Trigger 10% Drop This Weekend appeared first on Coinpedia Fintech News
Bitcoin price has been consolidating within a range for over 5 months and despite multiple attempts, it has failed to reach the crucial resistance at $70,000. The star crypto is consolidating within a pattern that does not flash positive signs. Besides, the price is testing the crucial support and another bearish push could drag the levels back into the bearish well.
The BTC price has undergone a massive rise since the beginning of 2023, achieving a parabolic recovery. However, the price traded within a descending parallel channel during H1 2024, which has circulated bearish waves across the markets. Although the bulls are offering enough support to the price, the selling volume continues to exceed it, leaving the BTC price under a huge bearish influence.
Besides, the token faced a rejection of $70,000 which led to a correction t
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