Bitcoin Price Extends Decline Amid Bearish Technicals

Bitcoin's price has continued to decline, extending losses below $74,000. The cryptocurrency failed to hold above $75,000, dipping to a low of $72,470. According to technical indicators, further downside towards $72,000 or lower is possible unless the price closes above $74,500-$75,150.

The MACD and RSI are both bearish, indicating a potential continuation of the decline. Immediate support levels are near $72,500, with key supports at $72,000 and $71,200. If Bitcoin fails to recover, it may extend its losses towards $70,500 or even $70,000.