Bitcoin Pullback Holds Above $68,500 As Bulls Eye Rebound Toward $70,500 Resistance

Bitcoin has staged a recovery above the $68,500 and $69,200 zones and is currently trading over the 100-hourly simple moving average while consolidating below resistance. The price faces key hurdles around $70,500 to $72,000, and a failure to clear these levels could trigger fresh declines toward supports at $68,500, $68,000 and potentially $66,500.