At the time of writing the article, Bitcoin is now trading at 67,000 US dollars, and we explained the reason for this rise in the previous article entitled Bitcoin is rising for this reason.
As for the technical aspect, on the daily timeframe for Bitcoin, we notice that the famous digital currency took an upward price channel starting from its launch at a price of 65,645 dollars until it reached a price of 67,000. All technical indicators indicate that the BTC currency is in a strong upward trend.
Bitcoin will face a resistance area at $67,609, and crossing this area will attract a strong buying opportunity towards the $70,000 level.
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