Bitcoin rebounds above $68,800 as bulls target a $69,500 to $70,500 break

Bitcoin slipped to $67,500 support before bouncing, reclaiming $68,800 and the 100‑hour simple moving average. According to BTC/USD hourly chart analysis using Kraken data, a descending channel caps advances near $69,550, with resistance at $69,500 and $70,500 ahead. Failure to clear those hurdles could invite dips toward $68,000, $67,400 and $67,000.