Bitcoin price started a steady increase above the $72,000 zone. BTC is now 
consolidating and might aim for more gains if it clears $73,000. Bitcoin 
started a decent upward move above the $72,000 zone. The price is trading 
above $71,200 and the 100 hourly simple moving average. There is a bullish 
trend line forming with support at $71,500 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair might continue to rise if it clears the 
$73,000 and $74,000 levels. Bitcoin Price Regains Pace Bitcoin price remained 
elevated and extended its increase above the $70,500 level. BTC climbed above 
the $71,200 and $72,000 resistance levels. The bulls were able to pump the 
price above the 50% Fib retracement level of the downward move from the 
$73,928 swing high to the $70,200 low. There is also a bullish trend line 
forming with support at $71,500 on the hourly chart of the BTC/USD pair. 
Bitcoin is now trading above $71,800 and the 100 hourly simple moving average. 
If the price remains stable above $71,500, it could attempt a fresh increase. 
Immediate resistance is near the $72,800 level. The first key resistance is 
near the $73,000 level or the 76.4% Fib retracement level of the downward move 
from the $73,928 swing high to the $70,200 low. A close above the $73,000 
resistance might send the price further higher. In the stated case, the price 
could rise and test the $73,800 resistance. Any more gains might send the 
price toward the $74,000 level. The next barrier for the bulls could be 
$75,000. Another Decline In BTC? If Bitcoin fails to rise above the $73,000 
resistance zone, it could start another decline. Immediate support is near the 
$72,000 level. The first major support is near the $71,500 level or the trend 
line zone. The next support is now near the $71,200 zone. Any more losses 
might send the price toward the $70,350 support in the near term. The main 
support now sits at $70,000, below which BTC might struggle to recover in the 
near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in 
the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD 
is now above the 50 level. Major Support Levels – $72,000, followed by 
$71,500. Major Resistance Levels – $73,000 and $74,000.

Bitcoin Price Climbs Again — Bulls Aim for New Monthly High

BlockFills&#8217; bankruptcy highlights the fragility of crypto platforms amid 
market volatility, impacting investor confidence and regulatory scrutiny.
The post BlockFills files for Chapter 11 bankruptcy after suspending 
withdrawals and deposits appeared first on Crypto Briefing.

BlockFills files for Chapter 11 bankruptcy after suspending withdrawals and deposits

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BlockFills has filed for Chapter 11 bankruptcy in the US after suspending 
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