However, other on-chain metrics suggested that BTC might be able to maintain this price zone and potentially spark another positive run.price trend revealed a 1.97% decline on the 7th of June. This significant drop pulled its price away from the $70,000 zone.
Before the decline, BTC experienced consecutive uptrends that brought it into the $70,000 range, suggesting it was building momentum to surpass this threshold.As of this writing, BTC was still trading in the $69,000 price range, with a slight increase to around $69,400. The chart showed that its overall trend remained positive.Additionally, Bitcoin was trading above its short moving average at press time, providing immediate support at around the $66,000 price range.
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