Bitcoin's technical price action suggests a short-term swing to the downside, potentially reaching $71,000-$74,000 if it breaks down further.
"the technical price action here does look like it wants to take a little bit of a swing to the downside. Again, the question is going to be, is this a swing down like this, which would be ultimately be a higher low, or is it going to be more like a breakdown, rejection, and then a continuation down ultimately to what I think would would be the bottom of this downward price action we're seeing if we do go lower. So, I'm going to be having some targets at this level, this 71 to 74,000 level, if we do lose this."