Neither bulls nor bears have taken control on the final day of the week, according to data from CoinMarketCap.

BTC/USD

The price of Bitcoin (BTC) has increased by 0.66% compared to yesterday, with a weekly increase of 7.72%.

On the hourly chart, BTC is currently trading above the local resistance level of $70,555. If this trend continues until the end of the day, there could be further rise towards the $71,000 range tomorrow.

Bears have failed to sustain the decline after the bearish candle closed yesterday. If the upward movement persists and the closing price remains close to the $71,649 resistance level, there may be enough momentum for a breakout towards $73,000.

The bulls are currently dominating the weekly chart compared to the bears. However, predicting further movements is premature since the price has not yet reached the recently established resistance at $73,755.

If the upward trend continues, traders could anticipate a new all-time high in April.

Bitcoin is currently priced at $70,710.