Bitcoin price started a decent increase above $68,000 but failed at $70,000. BTC is now consolidating and might aim for more gains above $69,200.
Bitcoin started a fresh increase after it settled above the $67,500 support.
The price is trading above $68,000 and the 100 hourly simple moving average.
There was a break above a bearish trend line with resistance at $66,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might dip again if it trades below the $67,400 and $67,000 levels.
Bitcoin Price Fails At $70,000
Bitcoin price managed to form a base above the $65,500 zone. BTC started a fresh increase and was able to surpass the $66,500 resistance zone.
The price even rallied above the $68,000 resistance. Besides, there was a break above a bearish trend line with resistance at $66,800 on the hourly chart of the BTC/USD pair. Finally, the bears appeared near $70,000. A high was formed at $70,100, and the price recently corrected some gains. There
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