Bitcoin fell to its lowest levels since November 2024 after beating its previous bottom, with $70,000 BTC price support and under coming into focus.

Bitcoin is approaching its 200-week moving averages, a long-term support zone traders say could help define a potential BTC price floor.

Bitcoin failed to attack $80,000 resistance as gold sought a $5,000 reclaim, while analysis argued that "crypto winter" began in January 2025.

Bitcoin price correlation with PMI sparked disagreement among analysts after the latter spiked above 50 for the first time since 2022.