$BTC $BTC $ETH

Bitcoin price action reflects signs of purchasing power and positive market expectations. The price of Bitcoin has bottomed above the $66,500 level. Bitcoin started to rise again above the $68,000 resistance area after Ethereum rose above $3,200, which is an indication that the level has supported the price and that bullish momentum is building.

The price is showing strong upward momentum and is moving above important resistance levels, as a strong move occurred above the $70,000 resistance area. I expect this momentum to continue after the price rises by more than 8% until it tests the resistance area at $72,000, forming a new weekly highest level at $71,896, and now the price is in the process of consolidating the gains.

I see this as an opportunity to buy with the expectation that prices will rise further.