BTC Bulls Eye $70,000 as Resistance Test Nears

Bitcoin continues to challenge the $67,000 resistance level as buyers test its strength. According to analyst Super฿ro, a confirmed breakout above this area could open the path toward $70,000 and $72,000.

The BTC daily chart shows that Bitcoin is forming higher highs and higher lows on the daily chart, contrary to claims that the latest recovery has already reached its peak.

Bitcoin remains above its 10-day, 20-day, and 50-day moving averages, while recent bullish crosses show improving short-term momentum. The 50-day average near $63,100 serves as an important base for the recovery.

However, Bitcoin is approaching a descending trendline extending from its previous all-time high, with the first major resistance sitting around $66,500 to $67,000.