Bitcoin price continues above the $67,500 resistance, poised for potential gains. BTC recently moved above $68,000, reaching as high as $68,328 before consolidating. The current trading level is above $67,200, supported by a connecting bullish trend line at $66,800.
Should Bitcoin rise above the $68,350 resistance, it might encounter further resistance at the $68,800 level, with potential to test the $70,0200 mark. Failure to ascend could see Bitcoin revisit the $66,800 support level or further to $66,500. Further decline risks reduce to $65,400 support.
Technical indicators show the hourly MACD is losing momentum, while the RSI remains above 50, indicating moderate bullish conditions.
