The pie has been made too much

Bitcoin price consolidates above $70K as bulls prepare for more gains

Bitcoin price is consolidating gains above the $70,000 resistance zone. If the resistance at $71,500 is exceeded in the short term, BTC may rebound again. Bitcoin price is moving in the positive zone above $66,500. The price is trading above $70,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support at $68,500 on the hourly chart of the BTC/USD pair. The pair may start rising again if it breaks above the $71,500 resistance zone.

Bitcoin price regains strength

Bitcoin price started a sharp rise above the $68,800 resistance zone. BTC climbed above the $69,500 and $70,000 resistance levels. Finally, the price tested the $71,500 resistance zone. A new weekly high was formed near $71,557 and the price is now consolidating gains. The move up was modest below the 23% Fib retracement level of the $66,811 swing low to $71,557 high. However, the price stabilized above $69,000