Bitcoin stalls below $70K as 200-week EMA turns into resistance and bear market doubts persist

Bitcoin retreated from a high of $70,040 after failing to reclaim the 200-week exponential moving average and the prior 2021 peak. Traders note that BTC's rejection near $68,000 keeps downside risk in focus, with some analysts arguing the current bear phase, about 140 days long, still falls short of past cycle durations and drawdowns.