Will Bitcoin Drop to 70,000 USD? BTC Price Signals a Flash Warning

The strong bullish rally of Bitcoin over the past few weeks has pushed the price back close to the $95,000 mark, but recent chart signals are indicating potential volatility ahead. The current structure, as seen on both the daily and hourly timeframes, suggests that BTC price may be preparing for a healthy pullback or even a stronger correction if key support levels fail. Bitcoin Price Prediction: Bearish Momentum Approaching Multi-Month Resistance Level

On the daily Heikin Ashi chart, Bitcoin price has printed its first red candle after several consecutive green trading sessions—indicating a potential short-term peak forming around $95,000. The region, previously marked by rejection in March, is proving to be a persistent barrier. The MA bands, which include the 20, 50, 100, and 200 SMAs, represent a key resistance confluence between the $91,500 and $94,000 levels. The price is currently trading just slightly above the 200-day SMA (90.309 la), which has historically served as a success or breakout zone to continue the trend. What makes this setup sophisticated is the flat structure of the 50-day and 100-day SMA. These moving averages have yet to steeply rise, indicating that while momentum has returned, the medium-term trend has not fully shifted into bullish territory. The daily accumulation/distribution (ADL) remains high, suggesting that smart money has not yet exited strongly—but any signs of further weakness could trigger significant profit-taking. Hourly chart: Early signs of a collapse?

The hourly chart gives us a more detailed view of the short-term weaknesses. After failing to break through the 96,000 dollar level, Bitcoin has sharply declined and is currently fluctuating around the 94,400 dollar level. The price has slipped below the SMA 20 and 50, with the SMA 100 and 200 currently acting as resistance levels above around 95,000–96,000 dollars. This crossover from support to resistance could be a warning sign that momentum is weakening. The price structure of Bitcoin is also forming a potential descending triangle pattern, which often precedes bearish phases. Moreover, the recent recovery candles lack conviction, suggesting that the buying side may be running out of steam. The ADL on the hourly chart is starting to move sideways after a steady increase throughout the previous bullish phase. This may indicate a pause in accumulation and could be the beginning of a light distribution process. Main support level: At what level can Bitcoin continue to decrease? The first key support level to watch is the 200-day SMA on the daily chart at $90,309. If Bitcoin closes the daily candle below this level, it could create additional selling pressure and shake out weak hands. Below $90,000, the $86,000–$88,000 range becomes the next important area, aligning with the 50-day SMA. If this area fails, the likelihood of a more significant drop to $78,000 increases. The worst-case scenario would be a return to the $70,000 level, which serves as a macro support level during previous consolidation phases. Although this decline would represent a ~25% correction from the recent high, such pullbacks are not uncommon in the historical bullish market cycles of Bitcoin. Bitcoin Price Prediction: A Healthy Correction or the Beginning of a Downward Slide? Bitcoin price is still in an overall bullish structure, but short-term signals are flashing yellow. Consolidation below $95,000, weakening hourly momentum, and resistance from key moving averages suggest that the path of least resistance may be lower in the coming days. A break below $90,000 could accelerate bearish momentum, potentially pulling the price down to the low $80,000s or even the $70,000 range in a high volatility scenario. However, unless we see significant volume accompanying this move, such a pullback may represent a much-needed reset before the next bullish advance. Long-term trend supporters may view any drop to the 78,000–70,000 dollar support level as a strategic buying opportunity. The price action of BTC in the coming days will be crucial in determining whether this is just a pause or the beginning of a wider correction.