$BTC Surges Strongly, Breaks Above USD 70,000

Over the past two hours, BTC has experienced a very sharp acceleration. From the USD 68,300–68,500 zone, price quickly spiked and broke above USD 70,000 in a short period of time.

The temporary high reached USD 70,100 (an increase of approximately 2–2.3% within two hours).

After breaking above 70k, price corrected sharply and is currently trading around USD 68,299–68,499.

Notable price action:

On the 15-minute and 30-minute timeframes, multiple long green candles appeared, with volume increasing clearly compared to previous hours.

Strong buying pressure pushed price through the psychological resistance at USD 70,000, a level that had acted as a barrier multiple times earlier today.