India, June 2 -- Bitcoin has entered a fresh period of uncertainty after slipping below the important $70,000 mark, raising concerns among traders about the possibility of a deeper correction in the cryptocurrency market.

The world's largest cryptocurrency has struggled to regain bullish momentum in recent weeks as investors continue to pull money from digital asset funds and market sentiment remains cautious. Despite increased activity from large investors, commonly known as whales, Bitcoin has continued moving lower, creating new concerns about the strength of the current market trend.

Analysts now say the coming days could prove crucial as Bitcoin approaches several major support levels that may determine its next direction.

Bitcoin...