{"id":10700,"date":"2026-03-25T05:11:07","date_gmt":"2026-03-25T05:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-approaches-break-zone-upside-move-looks-likely\/"},"modified":"2026-03-25T05:11:07","modified_gmt":"2026-03-25T05:11:07","slug":"bitcoin-price-approaches-break-zone-upside-move-looks-likely","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-approaches-break-zone-upside-move-looks-likely\/","title":{"rendered":"Bitcoin Price Approaches Break Zone, Upside Move Looks Likely"},"content":{"rendered":"<p><em>Bitcoin price started a recovery wave above $69,200. BTC is now back above $70,000 and might aim for a steady increase if it clears $71,650.<\/em><\/p>\n<ul>\n<li>Bitcoin started a decent recovery wave above $69,500 and $70,000.<\/li>\n<li>The price is trading above $70,000 and the 100 hourly simple moving average.<\/li>\n<li>There is a bullish flag pattern forming with resistance at $70,700 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might start another decline if it stays below the $71,200 and $71,650 levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Resistance<\/h2>\n<p>Bitcoin price started a recovery wave above the $68,800 pivot level. BTC climbed above the $69,200 and $69,500 resistance levels.<\/p>\n<p>The bulls were able to push the price above the 38.2% Fib retracement level of the downward move from the $75,997 swing high to the $67,343 low. The price even climbed above $71,200 before the bears appeared near the $71,650 level.<\/p>\n<p>Bitcoin is now trading above $70,000 and the 100 hourly simple moving average. If the price remains stable above $69,500, it could attempt a fresh increase. Immediate resistance is near the $70,700 level. There is also a bullish flag pattern forming with resistance at $70,700 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-888771\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/03\/Bitcoin_bac870.png?resize=1024%2C512\" alt=\"Bitcoin Price \" width=\"1024\" height=\"512\" \/><\/p>\n<p>The first key resistance is near the $71,650 level or the 50% Fib retracement level of the downward move from the $75,997 swing high to the $67,343 low. A close above the $71,650 resistance might send the price further higher. In the stated case, the price could rise and test the $72,500 resistance. Any more gains might send the price toward the $73,200 level. The next barrier for the bulls could be $73,500.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $71,650 resistance zone, it could start another decline. Immediate support is near the $70,000 level. The first major support is near the $69,500 level.<\/p>\n<p>The next support is now near the $69,000 zone. Any more losses might send the price toward the $68,200 support in the near term. The main support now sits at $67,500, 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 $69,500, followed by $69,000.<\/p>\n<p>Major Resistance Levels \u2013 $70,700 and $71,650.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a recovery wave above $69,200. BTC is now back above $70,000 and might aim for a steady increase if it clears $71,650. Bitcoin started a decent recovery wave above $69,500 and $70,000. The price is trading above $70,000 and the 100 hourly simple moving average. There is a bullish flag pattern forming&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10701,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-10700","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\/10700","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=10700"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/10700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/10701"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=10700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=10700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=10700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}