Bitcoin is currently experiencing a surge in price, with the possibility of reaching the $70,000 mark. The cryptocurrency has gained over 15% and successfully broke through the $65,000 resistance level. Positive indicators suggest that Bitcoin may push past $66,000 and continue its upward trajectory. However, if it fails to surpass the resistance zone, a downside correction could occur, with immediate support at $64,250 and further support at $63,650. Technical indicators, such as the MACD and RSI, are showing bullish signals. The next major resistance levels are at $66,000 and $67,200.
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Bitcoin Price On The Rise: Is The $70K Mark Within Reach?
By
Eleanor Ashworth — Editor-in-Chief
About the author · Editor-in-Chief
Eleanor Ashworth
Eleanor Ashworth is editor-in-chief at BTCNews. A Cambridge-trained journalist with 18 years across the Financial Times, Reuters and the Telegraph, she joined the crypto beat in 2017 after covering the Bank of England and HM Treasury. She holds the SABEW Best in Business award (2022) and was shortlisted for the British Journalism Awards (2023). At BTCNews she sets the editorial line for Bitcoin and macro markets coverage, with a focus on institutional adoption, regulation and central-bank policy. Based in London.