Bitcoin's price surged above $70,000, driven by a renewed bullish trend from the $66,500 support region. Currently trading above its 100 hourly Simple moving average, BTC seeks to break key resistance at $72,000.
A successful breach could lead to testing $73,000, $74,000, and new all-time highs. Should Bitcoin fail to overcome $72,000, it may face a downside correction, with major supports at $70,500 and $68,500. Technical indicators suggest the bullish momentum continues.
