NewsBTC •
April 8, 2026 at 02:40 •
Analysis
Bitcoin price started a strong increase above the $70,000 zone. BTC is consolidating gains and might aim for more gains above the $71,500 zone. Bitcoin gained pace for a move above the $69,500 and $70,500 levels. The price is trading above $70,000 and the 100 hourly simple moving average. There was a break above a key declining channel with resistance at $68,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $70,250 and $69,500 levels. Bitcoin Price Rallies 5% Bitcoin price managed to climb higher above the $68,800 resistance zone. BTC gained pace for a move above the $69,500 and $70,000 levels. Besides, there was a break above a key declining channel with resistance at $68,800 on the hourly chart of...
