#Bitcoin❗️

Cryptocurrency market leader Bitcoin has once again attracted the attention of investors with its recent significant price increase. After establishing a strong base at $66,500, Bitcoin broke through the $70,000 resistance zone with a rapid rise and gained over 8% in value. This increase brought BTC closer to the $72,000 resistance zone.

New weekly high for Bitcoin

Bitcoin strongly surpassed the $70,000 resistance zone and reached a new weekly high at $71,979. It currently faces significant resistance at $71,850. The $72,000 level is considered the next major resistance point and it is believed that the price could rise further if this level is breached.

If the bulls manage to maintain this uptrend, Bitcoin price is expected to move towards the $74,400 resistance zone. Further gains could push Bitcoin towards the $75,000 barrier.

Possible fall scenario in Bitcoin

As Bitcoin approaches the $72,000 resistance level, its future movements have become a matter of curiosity. If it cannot exceed this critical level, the possibility of a downward correction may arise. In this case, the first major support point lies at $70,000. It is predicted that if Bitcoin falls below this support, the price could decline to the $67,450 support zone.

Additionally, the RSI hourly indicator also shows that it is in the overbought zone, reinforcing the possibility of a possible correction move.

The main support levels against Bitcoin lie at $70,500 and $70,000, while the resistance levels are at $71,850, $72,000, and $72,500. These levels are critical to the direction Bitcoin will follow in the near term. In particular, overcoming the $72,000 resistance could be an important step for BTC to reach new highs.