Bitcoin price is showing signs of a fresh increase as it attempts to break above the $67,000 zone. If it manages to clear the $68,750 resistance level, it could gain further momentum. The price has already climbed above several key levels, including the 61.8% Fib retracement level. It is currently trading above $67,200 and the 100 hourly Simple Moving Average. The immediate resistance is near $68,000, followed by the $68,500 level. A close above $68,750 could lead to more gains, with potential targets at $69,200, $70,000, and $71,200. On the downside, the price has support at $67,400, $67,200, and $66,250. If it fails to break above the $68,000 resistance, it could start another decline towards $66,000. The technical indicators are showing mixed signals, with the MACD losing pace in the bullish zone and the RSI above the 50 level.



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