{"id":37190,"date":"2026-03-04T03:24:02","date_gmt":"2026-03-04T03:24:02","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=37190"},"modified":"2026-03-04T03:24:02","modified_gmt":"2026-03-04T03:24:02","slug":"bitcoin-price-consolidates-above-support-bullish-bias-strengthens","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=37190","title":{"rendered":"Bitcoin Price Consolidates Above Support, Bullish Bias Strengthens"},"content":{"rendered":"<p><em>Bitcoin price started a decent increase above $68,500 but failed at $70,000. BTC is now consolidating and might aim for more gains above $68,800.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase after it settled above the $68,000 support.<\/li>\n<li>The price is trading above $68,000 and the 100 hourly simple moving average.<\/li>\n<li>There is a contracting triangle forming with resistance at $68,400 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 $67,000 and $66,550 levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Corrects Lower From $70,000<\/h2>\n<p>Bitcoin price managed to form a base above the $66,500 zone. BTC started a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-upside-capped-70k\/\" target=\"_blank\" rel=\"noopener \">fresh increase<\/a> and was able to surpass the $67,400 resistance zone.<\/p>\n<p>The price even rallied above the $68,800 resistance. 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 $68,000, and the price tested the 50% 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 <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-trapped-below-70k\/\" target=\"_blank\" rel=\"noopener \">100 hourly simple moving average<\/a>. If the price remains stable above $67,400, it could attempt a fresh increase. Immediate resistance is near the $68,500 level. There is also a contracting triangle forming with resistance at $68,400 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/03\/Bitcoin_1a9d93.png\"><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-885170\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/03\/Bitcoin_1a9d93.png?resize=1024%2C512\" alt=\"Bitcoin Price \" width=\"1024\" height=\"512\" \/><\/a><\/p>\n<p>The first key resistance is near the $69,550 level. A close above the $69,550 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 Break In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $68,800 resistance zone, it could start another decline. Immediate support is near the $67,400 level. The first major support is near the $66,550 level.<\/p>\n<p>The next support is now near the $65,000 zone. Any more losses might send the price toward the $64,700 support in the near term. The main support now sits at $63,000, 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 $67,400, followed by $66,550.<\/p>\n<p>Major Resistance Levels \u2013 $68,800 and $70,000.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a decent increase above $68,500 but failed at $70,000. BTC is now consolidating and might aim for more gains above $68,800. Bitcoin started a fresh increase after it settled above the $68,000 support. The price is trading above $68,000 and the 100 hourly simple moving average. There is a contracting triangle forming [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37191,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-37190","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Price Consolidates Above Support, Bullish Bias Strengthens - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=37190\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Consolidates Above Support, Bullish Bias Strengthens - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price started a decent increase above $68,500 but failed at $70,000. BTC is now consolidating and might aim for more gains above $68,800. Bitcoin started a fresh increase after it settled above the $68,000 support. The price is trading above $68,000 and the 100 hourly simple moving average. 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