BTC Price Dip Amid US Gov't Bitcoin Transfer

Bitcoin price drops 4.5% after $70,000 high; US government $2 billion wallet transfer; Wall Street selling pressure; profit-taking at highs; order book liquidity untouched; upcoming FOMC meeting; traders warn of lower highs and potential BTC price trajectory; $69,000 is a psychologically significant price point at 2021 all-time high.

Bitcoin failed to sustain above $70,000 as bears defend the overhead resistance, but healthy inflows suggest growing investor confidence. Ethereum could rally to $4,094 if it breaks above a key downtrend line, while Solana faces resistance at $210 and BNB at $722. XRP could surge to $0.74 if it clears $0.64, while Dogecoin has support at $0.12 and potential decline to $0.10 if broken. Toncoin faces resistance at the 50-day SMA of $7.32 and potential rally to $7.72. Cardano could rally to $0.52..

The U.S. government has transferred $2 billion worth of seized Silk Road Bitcoin, splitting it into two addresses: one with 10,000 BTC worth $669.35 million and the other with 19,800 BTC worth $1.33 billion, according to Arkham data. The transfer occurred 14 minutes ago, two days after former President Donald Trump's speech proposing the creation of a Bitcoin Strategic Reserve. The government currently holds 119,676 BTC from Ulbricht and Zhong, and 179,155 BTC in total, valued at $12.14 billion...