Bitcoin consolidates above $68,500, faces resistance near $70,500

Bitcoin holds above $68.5K; key test at $70.5K

Bitcoin (BTC) recovered above $69.2K and $70K and is consolidating over $68.5K and the 100‑hour SMA. A close over $70.5K opens $71.5K–$72K; a drop below $69,280/$68,000 risks $67,250–$66,500.

Bulls reclaimed $70K in a recovery wave per NewsBTC. Price was rejected near $71,600 and began a pullback per NewsBTC.

Hourly chart broke a bullish trend line at $70,400. Price still trades above $68,500 and the 100‑hour SMA. Immediate resistance sits at $70,250.

Key levels:
- Resistances: $70,250; $70,500; $71,500; $72,000; next barrier $72,650. The move retraced above the 61.8% Fib of $74,062 to $65,646 and could target the 76.4% Fib near $72,000 source.
- Supports: $69,280; $68,500; $68,000; $67,250; main support $66,500 source.

Indicators: Hourly MACD leans bearish. RSI hovers near 50 NewsBTC.