Bitcoin steadies above $70,000; key test at $72,000 after $60,500 rebound

Bitcoin rebounded from the $60,500 low and is consolidating above $70,000, with resistance lining up at $71,200 and the $72,000 area. According to the hourly BTC/USD chart using Kraken data, price sits above the 100-hour SMA after a break of a $69,800 trendline, but a rejection at $72,000 could send it back toward $68,500–$67,200.