Bitcoin technical analysis points to a new round of decline, with support levels consecutively broken.

Based on the latest technical analysis, Bitcoin is experiencing a series of support level breakdowns. The key support level of $85,000, which has held for the past two months, has been breached, and the current price has fallen to $70.34K, further confirming the downward trend. This breakout suggests that selling pressure in the market could intensify further.

Support Level Breakdowns Lead to a Pessimistic Technical Outlook

Bitcoin’s technical trend indicates that breaking major support levels often triggers a chain reaction. The loss of the critical support at $85,000 is not an isolated event but reflects a deeper shift in market sentiment. Technical analysts generally focus on the fact that once the previous line of defense is breached, the next support zone will face greater selling pressure.

$75,000 Becomes a Key Defensive Line

According to reports from NS3, technical analysis indicators suggest that $75,000 will become the next important support level for Bitcoin. This price point is crucial for determining the subsequent trend—holding steady here could lead to a rebound; if broken again, selling pressure will intensify further. Consecutive breakdowns in technical levels often indicate that a deeper correction could occur at any time.