Bitcoin Faces Major Resistance at $70K; Market Sentiment Cautious Amid Volatility

• Bitcoin faces major resistance at $70,320, where 736,380 addresses hold 599,260 BTC. Surpassing this could catalyze further bullish momentum.

• Bitcoin currently trades around $68,300 after a slight retreat over the past week. Caution persists amid its record 7-month winning streak.

• Crypto market sentiment has been rocky lately, with Bitcoin down 1.4% in the past week and 2.4% in the last 24 hours.

• Author Jim Cramer suggests the crypto market is “the most overbought” it's been in a while, sparking debate in the community.

• The 7th wealthiest Bitcoin address withdrew 8,889 BTC from Bitfinex, valued at roughly $627 million, potentially contributing to market instability.