Bitcoin Price Positioned for More Upside: Can It Keep Climbing? 📈
Bitcoin is holding steady above the $67,000 resistance zone, aiming for further rises past $68,350. The price trades above $67,400 and the 100 hourly SMA, backed by a bullish trend line at $67,400 on the BTC/USD chart. A successful close above $68,200 could lead to further gains.
BTC has consolidated within range, actively supported above $66,500. Despite a pullback to below $67,000, it maintains a bullish trend, keeping options open for breaking the resistance levels of $68,000 and $68,200, potentially paving the way to $71,650 or $72,000.
If Bitcoin fails to surpass $68,000, it might face a decline. Support levels lie at $67,200 and $66,500, with potential drops toward $65,500 as a more significant downturn develops. Technical indicators suggest bullish momentum, with the MACD gaining pace, and the RSI staying above 50.
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