{"id":10289,"date":"2026-03-03T05:11:10","date_gmt":"2026-03-03T05:11:10","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-upside-capped-again-70k-proves-tough-ceiling\/"},"modified":"2026-03-03T05:11:10","modified_gmt":"2026-03-03T05:11:10","slug":"bitcoin-price-upside-capped-again-70k-proves-tough-ceiling","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-upside-capped-again-70k-proves-tough-ceiling\/","title":{"rendered":"Bitcoin Price Upside Capped Again, $70K Proves Tough Ceiling"},"content":{"rendered":"<p><em>Bitcoin price started a decent increase above $68,000 but failed at $70,000. BTC is now consolidating and might aim for more gains above $69,200.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase after it settled above the $67,500 support.<\/li>\n<li>The price is trading above $68,000 and the 100 hourly simple moving average.<\/li>\n<li>There was a break above a bearish trend line with resistance at $66,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might dip again if it trades below the $67,400 and $67,000 levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Fails At $70,000<\/h2>\n<p>Bitcoin price managed to form a base above the $65,500 zone. BTC started a fresh increase and was able to surpass the $66,500 resistance zone.<\/p>\n<p>The price even rallied above the $68,000 resistance. Besides, there was a break above a bearish trend line with resistance at $66,800 on the hourly chart of the BTC\/USD pair. Finally, the bears appeared near $70,000. A high was formed at $70,100, and the price recently corrected some gains. There was a move below the 23.6% Fib retracement level of the upward move from the $63,030 swing low to the $70,100 high.<\/p>\n<p>Bitcoin is now trading above $68,000 and the 100 hourly simple moving average. If the price remains stable above $67,500, it could attempt a fresh increase. Immediate resistance is near the $69,200 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-884871\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/03\/Bitcoin_fe25f7.png?resize=1024%2C512\" alt=\"Bitcoin Price \" width=\"1024\" height=\"512\" \/><\/p>\n<p>The first key resistance is near the $69,500 level. A close above the $69,500 resistance might send the price further higher. In the stated case, the price could rise and test the $70,000 resistance. Any more gains might send the price toward the $70,500 level. The next barrier for the bulls could be $70,850 and $71,200.<\/p>\n<h2>Downside Continuation In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $70,000 resistance zone, it could start another decline. Immediate support is near the $68,000 level. The first major support is near the $67,500 level or the 50% Fib retracement level of the upward move from the $63,030 swing low to the $70,100 high.<\/p>\n<p>The next support is now near the $65,650 zone. Any more losses might send the price toward the $65,000 support in the near term. The main support now sits at $64,200, below which BTC might struggle to recover in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $68,000, followed by $67,500.<\/p>\n<p>Major Resistance Levels \u2013 $69,200 and $70,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a decent increase above $68,000 but failed at $70,000. BTC is now consolidating and might aim for more gains above $69,200. Bitcoin started a fresh increase after it settled above the $67,500 support. The price is trading above $68,000 and the 100 hourly simple moving average. There was a break above a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10290,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-10289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtusd"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/10289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=10289"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/10289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/10290"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=10289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=10289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=10289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}