- Today’s Chart: Bitcoin Tests Short-Term Breakout Strength:

Bitcoin price hovers above $68,000, with a cautious bullish trend shifting in the short term. The MACD( remains above the signal line on the daily chart, confirming emerging bullish pressure.

Similarly, the RSI) is hovering in the low 40s on the same chart, still below the midline of 50 but rising from oversold territory, indicating a slowdown in bearish momentum rather than strong buying conviction.

Daily chart for BTC/USDT pair

Meanwhile, initial resistance appears around $70,600, aligning with recent daily highs, followed by the $72,271 zone, where the recovery attempt paused on February 8. A daily close above this level would reveal the 50-day exponential moving average at $76,180, strengthening that area as a broader supply zone.

However, immediate support is noted around $65,631 to protect the more critical support level of $62,510, which contained the previous decline on Tuesday.
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