Bitcoin sees intensified selling pressure after breaking important supports.

BTCUSD dropped to its lowest level in six weeks on Thursday, posting daily losses exceeding 3% as bearish momentum accelerated for a third straight session.

The latest decline was largely driven by a renewed surge in oil prices amid escalating Middle East tensions, pushing Bitcoin below the 100-day moving average at 73,017 and bringing pressure on the next key support at 72,221, marked by the base of the daily Ichimoku cloud.

Negative daily indicators continue to weigh on the near-term outlook, with bearish momentum strengthening alongside bearish crosses on the 10/55DMA and 20/30DMA. A sustained break below the 100DMA, the daily cloud, and the Fibonacci 61.8% retracement of the 64,929/82,463 rally at 71,627 could expose the psychological 70,000 level.

However, sellers may pause temporarily before extending losses further, as partial profit-taking could trigger limited rebounds and offer fresh opportunities for bearish re-entry.

The top of the Ichimoku cloud, reinforced by the declining Tenkan-sen near 75,400, is expected to cap recovery attempts and keep downside pressure intact.

Res: 73696; 75400; 75765; 77709
Sup: 72221; 71627; 70000; 69067