Bitcoin price started a steady increase above $70,000 and $72,000. BTC is now consolidating and might aim for more gains above $72,800.

• Bitcoin started a fresh increase after it settled above the $68,800 support.
• The price is trading above $70,000 and the 100 hourly simple moving average.
• There is a bullish trend line forming with support at $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might dip again if it trades below the $72,000 and $70,800 levels.

Bitcoin Price Rallies Above $70,000

Bitcoin price managed to form a base above the $67,500 zone. BTC started a fresh increase and was able to surpass the $68,800 resistance zone.

The price even rallied above the $70,000 resistance. Finally, the bears appeared…