Bitcoin price remained stable above the support levels of $65,500 and $66,000, which allowed BTC to start a new growth and overcome the resistance of $66,500.

Growth and current situation:
Bitcoin showed a clear move above the $67,200 level, reaching a high of $68,531. The price is currently consolidating gains, holding above the 23.6% Fibonacci retracement level of the recent rise from a low of $65,857 to a high of $68,531.

BTC is trading above $66,500 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair, a bullish trend line is forming with support at $66,500, close to the 61.8% Fibonacci retracement level from the recent upward move.

Growth Potential:

Bitcoin could face resistance near $68,500 if it rises again. The first key resistance is near $68,800. Overcoming this level could trigger further growth. The next important resistance is located at $69,500 and then $70,000. A close above $70,000 could push the price to $72,000.

Possible correction:

If bitcoin fails to overcome resistance at the $68,500 level, a downward correction may begin. The nearest support is around $67,600, with further support levels at $67,200 and $66,500 where the trendline is. With a further drop, the price could head towards the support zone at $65,500.

Technical Indicators:

Hourly MACD is gaining momentum in the bullish zone.
Hourly RSI for BTC/USD is above the 50 level, indicating positive momentum.
Key levels:

• Support: $67,200, $66,500.
• Resistance: $68,500, $68,800.

Overall, bitcoin's current rise above key support levels and a sustained hold above $66,500 indicate a possible continuation of the uptrend. However, if bitcoin fails to overcome the near-term resistance levels, a short-term correction is possible, which could provide investors with additional entry opportunities.