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Will the Bitcoin BTCUSD Price Rise Above $70,000?

BTC price rise above $70,000?

of lower highs—an early signal that market structure was weakening.

The chart highlights a multi-month consolidation that originally acted as a launchpad for the late-2024 rally. Bitcoin has now returned to that same region, but instead of bouncing impulsively, the price is showing hesitation and thinner buying interest.

Bitcoin’s structure now reflects a clear shift in behaviour, with the former $70,000 support zone now acting as firm resistance. Instead of sharp, confident moves higher, candles have become choppier and more overlapping, a sign of consolidation. Momentum is also cooling, as the weekly RSI has slipped into the low 40s and CMF remains negative, former support flips into resistance—a pattern commonly seen during mid-cycle corrections.

Will the Bitcoin BTCUSD Price Rise Above $70,000?

Bitcoin is no longer trending—it is trading between $50K and $70K after an overheated rally. The next major move will likely come from a volatility expansion out of this range. A weekly close above $72,000, supported by stronger volume and improving momentum, would signal that buyers are regaining control. In that bullish case, Bitcoin could target $78,000 first, followed by a move toward $88,000–$95,000 later in the month. 

However, failure to hold the mid-range support near $59,000 would shift focus lower, opening the door for a retest of $54,000 and possibly the $50,000 demand zone. For now, BTC remains in a reset phase, and only a decisive breakout will determine whether $70,000 turns back into support or remains a ceiling.