Bitcoin Approaches $70,000 After Rebounding to $69,188 on March 4

Bitcoin traded around $69,188 on March 4, up 1.9% after rebounding from an intraday low near $66,300, The Crypto Basic reports. The cryptocurrency tested resistance close to $69,700 within its recent $66,000–$69,700 range, with market cap at about $1.38 trillion and 24-hour volume above $57 billion. Support levels appear around $66,000–$67,000 and near $62,000, while resistance zones sit near $70,000, around $72,000, and at the 50-day EMA close to $74,327, with the 200-day EMA near $81,900. Analyst Crypto Tony noted the $69,500–$69,700 band has flipped to support on the hourly chart, with a potential next resistance area around $71,800–$72,000.