Bitcoin Price Sets Eyes On New ATH, $70K Could Be Next Hurdle

Mar 5, 2024 04:00 am Cryptocurrency 45

Bitcoin price is up over 8% and trading above the $67,500 resistance. BTC is eyeing a new all-time high and could even hit the $70,000 level.

Bitcoin price is moving higher above the $66,500 support zone.

The price is trading above $67,500 and the 100 hourly Simple moving average.

There is a connecting bullish trend line forming with support at $66,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair could accelerate higher toward the $69,200 resistance or even $70,000.

Bitcoin Price Rallies Again

Bitcoin price remained well-bid above the $65,000 support zone. A new support base was formed, and the price started another rally above the $66,000 level. There was a steady increase toward the $67,500 level.

The price is up over 8% and it traded close to the last all-time high. A high is formed at $68,786 and the price is now consolidating gains above the 23.6% Fib retracement level of the ..

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