Bitcoin Price Consolidation Likely to Trigger Bearish Breakdown Below $70,000

Three Things to Know A record theft at Binance, which the FBI tied to a North Korean hacker, has erased Bitcoin's early-week bounce. Bitcoin is leaning on its long-term trend line while momentum gauges still favor sellers. The floor that matters most sits well below $70,000, where dip buyers last stepped in with size. Bitcoin gave back its Monday bounce as the Binance hack rattled traders. Customers kept pulling funds from the exchange, and the stablecoin freezes that followed showed how far the damage reached. The timing is poor for bulls. Bitcoin is sitting on its most watched trend marker just as trust in exchanges fades. Traders want to know if buyers can defend this line or if the range ends in a deeper break.

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