Bitcoin Price Eyes Next Breakout As The Bulls Aim For $70K

Apr 24, 2024 04:00 am Cryptocurrency 34

Bitcoin price climbed above the $66,000 resistance zone and started consolidation. BTC is now eyeing the next move above the $67,200 resistance zone.

Bitcoin is eyeing a decent increase above the $67,200 resistance zone.

The price is trading above $65,500 and the 100 hourly Simple moving average.

There is a connecting bullish trend line forming with support at $65,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair could gain bullish momentum if it clears the $67,200 resistance zone.

Bitcoin Price Eyes More Upsides

Bitcoin price started a fresh increase above the $65,500 and $66,000 resistance levels. BTC even climbed above the $67,000 level. It traded as high as $67,200 and is currently consolidating gains.

There was a minor decline below the $66,500 level, but the price remained stable above the 23.6% Fib retracement level of the upward move from the $64,280 swing low to the $67,200 low. Bitcoin price is still trading above $65,500 ..

Support the originator by clicking the read the rest link below.