Title: Bitcoin Climbs Above $68,000 as Market Consolidates
Summary: Bitcoin has been steadily climbing and now aims to break through the $69,500 resistance mark after breaching the $68,000 threshold.
Key Facts:
– Bitcoin remains stable after surpassing the $68,500 milestone.
– It is currently trading above both its 100 hourly simple moving average and the $68,750 support level on an hourly chart.
– A potential contracting triangle is being formed around these figures. If successful, it may pave the way for further increases in value.
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