Bitcoin: $70K-$71K Recovery Eyed at Support

Bitcoin pierced the $72k zone on US-Iran escalation before stalling at current support near $67042.11, prompting @CrypNuevo to target a swift recovery toward $70k-$71k.

The trader flags the overextended 4h50EMA as the catalyst for that relief move and warns that any subsequent drop must hold the present level or risk a slide to range lows.

Price sits beneath the EMA50 at $72118.79 and EMA200 at $75616.22 while RSI(14) prints 25.49, confirming oversold momentum that favors a short-covering bounce before any deeper test of the lower Bollinger band at $64634.11; MACD at -1900.72 keeps the broader structure bearish, so failure at $70k-$71k would likely accelerate the move toward that lower band support.