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Bitcoin Tests $70,000 Resistance as Three-Day Death Cross Forms; Key Support at $66,500
Bitcoin traded near $68,512 on March 3, 2026, after meeting resistance close to $70,000, with the three-day chart showing a death cross for the first time since 2022 as the 50-period moving average moved below the 200-period average, Farside Investors and 10x Research report. Intraday price action ranged between $69,510 and $66,326, with sellers emerging around $69,500 while buyers defended support near $67,800, and traders now watch resistance between $70,000 and $72,000 on the upside and support at $66,500, $65,000 and $62,500 on the downside. Despite the longer-term bearish signal, short-term indicators show waning selling pressure as Bitcoin reclaimed its 20-day moving average, Bollinger Bands tighten and the hourly RSI improves, with analyst Michaël van de Poppe arguing that consolidation above $65,000 is building momentum for a potential bullish breakout. Farside Investors reports U.S. spot Bitcoin ETFs saw $458 million of inflows on March 2 even as miner Core Scientific said it sold most of its Bitcoin holdings to fund artificial intelligence expansion, and Bitcoin now records five straight monthly declines, a pattern last seen in the 2018–2019 bear market when a comparable losing streak was followed by a 300% rebound in the next five months.