Bitcoin has once again seen heavy profit-taking above $70,000, with over $20 million in BTC sold per hour, capping the upside. The $70k–$80k zone has been acting as a distribution range since February, with gains quickly sold into and momentum fading.
Bitcoin is struggling to build momentum above $70,000. Analysts note the $70k–$80k zone continues to act as a persistent distribution range, limiting rallies amid thin liquidity. If selling pressure persists, upside potential could remain capped until liquidity improves.
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