NewsBTC
Mar 3, 2026
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BEARISH 📉 : Bitcoin struggles to break through $70,000 resistance level

Bitcoin's price rose above $68,000 but struggled to surpass $70,000. It is currently consolidating, aiming for gains above $69,200.

  • Bitcoin settled above the $67,500 support and is trading above $68,000.
  • A bearish trend line was broken at $66,800 on the BTC/USD pair chart.
  • The price may dip if it falls below the $67,400 and $67,000 levels.

Price Analysis

  • Bitcoin formed a base above $65,500 and surpassed $66,500 resistance.
  • The price hit a high of $70,100 before correcting downwards.
  • It remains above $68,000 and the 100 hourly simple moving average.
  • Immediate resistance is at $69,200, with key resistances at $69,500 and $70,000.
  • Further gains could target $70,500, $70,850, and $71,200.

Bitcoin Price

Potential Downside

  • If Bitcoin fails to break $70,000, it might decline.
  • Immediate support is at $68,000, with major support at $67,500.
  • Further declines could reach $65,650 or even $65,000.
  • Main support level is at $64,200.

Technical Indicators

  • Hourly MACD: Losing momentum in the bullish zone.
  • Hourly RSI: Above 50 for BTC/USD.
  • Major Support Levels: $68,000 and $67,500.
  • Major Resistance Levels: $69,200 and $70,000.