{"id":147906,"date":"2026-04-07T02:29:57","date_gmt":"2026-04-07T02:29:57","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=147906"},"modified":"2026-04-07T02:29:57","modified_gmt":"2026-04-07T02:29:57","slug":"bitcoin-price-rejected-above-70k-bulls-lose-grip-on-momentum","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=147906","title":{"rendered":"Bitcoin Price Rejected Above $70K, Bulls Lose Grip on Momentum"},"content":{"rendered":"

Bitcoin price started a decent increase above the $68,800 zone. BTC is trimming gains and might revisit the $67,500 support zone.<\/em><\/p>\n

Bitcoin gained pace for a move above the $68,500 and $68,800 levels.
\nThe price is trading above $68,000 and the 100 hourly simple moving average.
\nThere is a bullish trend line forming with support at $67,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might extend losses if it stays below the $69,250 and $69,500 levels.<\/p>\n

Bitcoin Price Trims Gains<\/h2>\n

Bitcoin price managed to climb higher above the $68,000 resistance zone<\/a>. BTC gained pace for a move above the $68,500 and $68,800 levels.<\/p>\n

The price even climbed above $70,000 but failed to remain in a positive zone. A high was formed at $70,463, and the price started a downside correction. There was a move below the 23.6% Fib retracement level of the upward move from the $65,688 swing low to the $70,463 high.<\/p>\n

Bitcoin is now trading above $68,000 and the 100 hourly simple moving average<\/a>. There is also a bullish trend line forming with support at $67,500 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

If the price remains stable above $67,500, it could attempt a fresh increase. Immediate resistance is near the $69,350 level. The first key resistance is near the $69,800 level. A close above the $69,800 resistance might send the price further higher. In the stated case, the price could rise and test the $70,500 resistance. Any more gains might send the price toward the $71,500 level. The next barrier for the bulls could be $72,000.<\/p>\n

More Losses In BTC?<\/h2>\n

If Bitcoin fails to rise above the $69,350 resistance zone, it could start another decline. Immediate support is near the $68,000 level. The first major support is near the $67,800 level.<\/p>\n

The next support is now near the $67,500 zone or the 61.8% Fib retracement level of the upward move from the $65,688 swing low to the $70,463 high. Any more losses might send the price toward the $66,800 support in the near term. The main support now sits at $65,500, below which BTC might struggle to recover in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bearish 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 $68,000, followed by $67,500.<\/p>\n

Major Resistance Levels \u2013 $69,350 and $70,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a decent increase above the $68,800 zone. BTC is trimming gains and might revisit the $67,500 support zone. Bitcoin gained pace for a move above the $68,500 and $68,800 levels. The price is trading above $68,000 and the 100 hourly simple moving average. There is a bullish trend line forming with support […]<\/p>\n","protected":false},"author":0,"featured_media":147907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-147906","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\/147906"}],"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=147906"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/147906\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/147907"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=147906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=147906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=147906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}