Bitcoin Price Cools Off — Range Forms Around $70K Support

Bitcoin price started a sharp decline from well above $73,000. BTC is now consolidating and might aim for a fresh increase if it clears $72,400.Bitcoin started a sharp decline below $72,000 and $71,500.
The price is trading below $72,500 and the 100 hourly simple moving average.
There is a bearish trend line forming with resistance at $71,550 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to rise if it clears the $71,500 and $72,400 levels.Bitcoin Price