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Bitcoin Technical Analysis and Price Prediction.
$BTC is consolidating below the ascending trend line drawn from the low 06 FEB 2026 at $60,000. At time of writing this on Tuesday Bitcoin is trading near $67,670.
To keep the bullish momentum continue Bitcoin has to make a day close above the ascending trend line that is $68,000.
If Bitcoin will breakout this key psychological resistance price level then the next target will be $72,000.
However a rejection from this ascending trend line can result in the fall of bitcoin to $66,000.
The Relative Strength Index RSI is at 45 lower then the level of neutral aiming slightly upward indicating that the price can show short term rally.
While Moving Average Convergence Divergence MACD is showing that the selling pressure is getting weaker as the blue line is aiming upward and the orange line is aiming downward indicating that the momentum shift is expecting.