Bitcoin price Fluctuation and the uptrend will extend to $70,000?

Bitcoin price remains strong above the $58,000 resistance zone. BTC formed a new support base and began another Rebound. It rose more than 10% and broke through Long barriers near $60,000 and $62,000.
The price even soared to the $64,000 level. Before falling sharply after the break, the price formed a new Long weekly high near $64,000. The price fell towards the $58,000 support zone. A low was formed near $57,919 and the price started a new round of gains.
The rise of BTC led to the general rise of BTC ecology and BRC20 inscription-related sectors, and $ORDI rose by more than $75, a one-day increase of 12%.
BTC is back above the $60,000 resistance level. Falling from a Fluctuation high of $64,000 to a low of $57,919, the price has broken above the 50% Fibonacci retracement level.
Bitcoin is currently trading above $60,000 and the 100-hour simple MA. A connecting bullish trend line has also formed on the hourly chart of the BTC/USD pair, with support at $60,950. The immediate resistance is located near $62,500. It is close to the 76.4% Fib retracement level of the downward movement from the $64,000 Fluctuation high to the $57,919 low.
The next key resistance level is likely to be $64,000, a breakout of which the price could rise to the $65,000 resistance zone. If the Long continue to move, the price could even break above $65,000 and test $66,400. Their main hurdle is visible near the $68,000 area.
If Bitcoin fails to rise above the $62,500 resistance zone, it may begin a downward correction. Immediate support to the downside is near the $60,800 level and trend line.
The first major support level is $60,000. If the Closing Price is below $60,000, the price may start a significant pullback to the $58,000 area. Any more Long losses could push the price towards the $56,500 support zone.
Specifications:
Hourly MACD – The MACD is currently accelerating in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently above the 50 level.
Major support level – $60,800, followed by $60,000.
Major resistance levels – $62,500, $64,000, and $65,000.
(Source: Aayush Jindal)