BTC/USD tests support near $72,000-$73,000
Bitcoin’s price is trading inside a descending channel and is currently testing support near the lower boundary around $72,000–$73,000.
The relative strength index (RSI) has fallen to roughly 33, its lowest level since Feb. 24.
Momentum has stayed below the neutral 50 level throughout the recent decline, suggesting sellers still control the short-term price action.
Below $70,000, the next notable pocket of demand sits at $68,505, where traders have placed another 1,012 BTC worth approximately $69 million.