NewsBTC •
March 6, 2026 at 02:40 •
Analysis
Bitcoin price started a steady increase above $70,500 and $72,500. BTC is now consolidating and might aim for a fresh increase above $72,500. Bitcoin started a fresh increase after it settled above the $70,000 zone. The price is trading above $70,000 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $69,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $70,000 and $69,000 levels. Bitcoin Price Starts Downside Correction Bitcoin price extended its increase above the $68,500 zone. BTC gained pace for a move above the $70,000 resistance zone. The price even rallied above the $72,000 resistance. Finally, the bears appeared near $74,000. A high was formed at $7...
