Bitcoin prices rose more than 8% to hit new highs, $70,000 could be the next resistance level, and BTC inscription Token rose

Bitcoin price remains above the $65,000 support zone. A new support level was formed, and the price began to rise again above $66,000. Steady rise to the $67,500 level. Not only that, BTC inscription Token generally rose, ORDI was close to the previous high, RATS, MICE and other soared. RATS is the animal meme of the BTC chain.
BTC prices rose more than 8%, close to all-time highs. The high was formed at $68,786 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward trend from the $61,400 fluctuation low to the $68,786 high.
Bitcoin is currently trading above $67,500 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 $66,000.
The immediate resistance is near $68,800. The next key resistance level is likely to be $69,200, and above that, the price could rise to the $70,000 resistance zone. If the $70,000 resistance zone is clearly breached, the price could rise to the $71,200 level. In case of further increases, the price could rise to the $75,000 level.
If Bitcoin fails to break above the $68,800 resistance level, it could begin another downside correction. Immediate support to the downside is located near $67,000.
The first major support level is $66,000 or the trend line. If the Closing Price is below $66,000, the price could begin a sharp pullback towards the 50% Fib retracement of the upward movement from the Fluctuation Low of $61,400 to the High of $68,786 (i.e., $65,000). Any more Long loss could push the price towards the $63,200 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 – $67,000, followed by $66,000.
Major resistance levels – $68,800, $69,200, and $70,000.
(Source: Aayush Jindal)