🔥🔥Bitcoin Price Analysis and Critical Resistance Levels 🔥🔥

Recently, Bitcoin (BTC) price has been steadily advancing above $69,200, attracting the attention of investors. The price could gain upside momentum if it clears the $70,800 and $71,250 resistance levels. Bitcoin is trading above the $70,000 level and it is above the 100 hourly simple moving average.

It is stated that if Bitcoin's rise continues, it is important to overcome the $71,250 resistance level. The $70,800 and $71,400 levels, which the bulls set as resistance, are seen as barriers that must be overcome for prices to rise further. If these resistances are overcome, Bitcoin could rise to $72,600 or even $73,500.

However, the price could decline if the $71,250 resistance level is not surpassed. In this scenario, the first major support level is $69,350, and a deeper decline could lead to a decline towards $68,500 and $67,500 levels. The $70,400 level and the 100 hourly SMA, where Bitcoin price has found support and may undergo a correction, are also being watched closely.

Bitcoin's ability to overcome the resistances at $70,800 and $71,250 indicates that the uptrend will strengthen. It should be taken into account that if the resistance at $71,250 is not overcome, the price may fall to the support levels of $69,350 and $70,400. The $69,200 level, where the bulls are active, is an important support point for investors. The $71,400 and $72,600 resistance levels are seen as potential targets in the uptrend. Technical indicators such as the 4-hour MACD and RSI give bullish signals, creating a positive momentum.

Bitcoin's price moves between critical resistance and support levels, and these levels have serious effects on investor decisions. It is important to overcome these resistance and support points for long-term gains.

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