Bitcoin Price Soars Back: Reclaims the Coveted $70K Milestone

Bitcoin price gained over 8% and surged above $70,000. BTC is now consolidating gains and showing signs of more upsides in the near term.Bitcoin started a fresh increase above the $70,000 resistance zone.
The price is trading above $79,000 and the 100 hourly Simple moving average.
There is a connecting bullish trend line forming with support at $70,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start another increase unless the bears push it below $68,800.Bit