$BTC Bitcoin price surpasses the exponential moving average at $67,250 and seeks to reach the $68,500 level

Bitcoin has gathered more momentum and reached the price of $67,160 after bouncing off the important support level at $65,230. This bullish momentum allowed it to surpass the 50-day exponential moving average (EMA) which formed an important resistance at $67,250. This move indicates the possibility of continuing the uptrend towards the nearest resistance level at $67,900, which if surpassed, could continue its path towards $68,580 and $69,540.

On the other hand, the nearest support levels are located at $65,230 and $63,760, while the Relative Strength Index (RSI) stands at 52, indicating neutrality that leaves room for more buying if the momentum strengthens.

A break above the EMA at $67,250 could boost the bullish momentum and we could see a more sustainable bullish move if the $67,900 level is surpassed, but traders should keep an eye on the support level at $65,230 which could be tested if the market goes into a bearish trend.