The price of bitcoin rises toward $70,000, it passes the $63,000 mark. BTC's uptrend appears to have been protected by the ascending parallel channel. Closing the day under the middle boundary help of the channel could pave the way for a correction. Bitcoin is currently trading just under $64,000, despite the revived bullish outlook. Bellwether cryptocurrency might be able to maintain the uptrend to new historical highs as long as the technical picture remains intact.