Bitcoin's price is currently consolidating above the $72,000 resistance level and showing positive signs. It recently formed a base and experienced a fresh increase, surpassing the $73,200 level. However, there was a minor decline and the price is now testing support at $71,500 and the 100 hourly Simple moving average. On the upside, the resistance levels to watch out for are $73,000 and $73,500, with a clear move above the latter potentially resulting in further gains. If the price fails to rise above the resistance zone, a downside correction could occur, with support levels at $69,500 and $68,600. Technical indicators suggest a slowing pace in the bullish zone, while the RSI is currently above 50.



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