Bitcoin Price Approaches Break Zone, Upside Move Looks Likely

Aayush Jindal

Last Updated: March 25, 2026 2:35 am

2 mins read

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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 with resistance at $70,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might start another decline if it stays below the $71,200 and $71,650 levels.

Bitcoin Price Faces Resistance

Bitcoin price started a recovery wave above the $68,800 pivot level. BTC climbed above the $69,200 and $69,500 resistance levels.

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.

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.

Bitcoin Price — Source: BTCUSD on TradingView.com

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.

Another Decline In BTC?

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.

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.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $69,500, followed by $69,000.

Major Resistance Levels – $70,700 and $71,650.

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
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