Bitcoin experienced a major price breakdown, losing 8% and dipping to a five-month low of $74.5k.The recent monthly buy near $89k failed to push the price higher, leading to a bull trap and subsequent drop.The daily low is currently serving as support, but Bitcoin is likely to test the $71k - $70k range before stabilizing.Key resistance levels to watch are $81,135, $85,800, and $88,765.