{"id":140135,"date":"2026-03-06T02:35:56","date_gmt":"2026-03-06T02:35:56","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=140135"},"modified":"2026-03-06T02:35:56","modified_gmt":"2026-03-06T02:35:56","slug":"bitcoin-price-rally-slows-consolidation-signals-possible-next-move","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=140135","title":{"rendered":"Bitcoin Price Rally Slows, Consolidation Signals Possible Next Move"},"content":{"rendered":"

Bitcoin price started a steady increase above $70,500 and $72,500. BTC is now consolidating and might aim for a fresh increase above $72,500.<\/em><\/p>\n

Bitcoin started a fresh increase after it settled above the $70,000 zone.
\nThe price is trading above $70,000 and the 100 hourly simple moving average.
\nThere is a bullish trend line forming with support at $69,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might dip again if it trades below the $70,000 and $69,000 levels.<\/p>\n

Bitcoin Price Starts Downside Correction<\/h2>\n

Bitcoin price extended its increase<\/a> above the $68,500 zone. BTC gained pace for a move above the $70,000 resistance zone. The price even rallied above the $72,000 resistance.<\/p>\n

Finally, the bears appeared near $74,000. A high was formed at $74,062, and the price recently started a downside correction. There was a move below $72,000 and the 23.6% Fib retracement level of the upward move from the $66,164 swing low to the $74,062 high.<\/p>\n

Bitcoin is now trading above $70,000 and the 100 hourly simple moving average<\/a>. There is also a bullish trend line forming with support at $69,000 on the hourly chart of the BTC\/USD pair.<\/p>\n

<\/a><\/p>\n

If the price remains stable above $70,000, it could attempt a fresh increase. Immediate resistance is near the $72,000 level. The first key resistance is near the $72,500 level. A close above the $72,500 resistance might send the price further higher. In the stated case, the price could rise and test the $73,200 resistance. Any more gains might send the price toward the $74,000 level. The next barrier for the bulls could be $75,000 and $75,500.<\/p>\n

Downside Correction In BTC?<\/h2>\n

If Bitcoin fails to rise above the $72,000 resistance zone, it could start another decline. Immediate support is near the $70,000 level or the 50% Fib retracement level of the upward move from the $66,164 swing low to the $74,062 high. The first major support is near the $69,000 level.<\/p>\n

The next support is now near the $68,500 zone. Any more losses might send the price toward the $68,000 support in the near term. The main support now sits at $66,200, below which BTC might struggle to recover in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $70,000, followed by $69,000.<\/p>\n

Major Resistance Levels \u2013 $72,000 and $72,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a steady increase above $70,500 and $72,500. BTC is now consolidating and might aim for a fresh increase above $72,500. Bitcoin started a fresh increase after it settled above the $70,000 zone. The price is trading above $70,000 and the 100 hourly simple moving average. There is a bullish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":140136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-140135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/140135"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=140135"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/140135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/140136"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=140135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=140135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=140135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}