Bitcoin price rises towards $70,000
Bitcoin is trading within an ascending triangle pattern, with a potential target of $70,000.
A confirmed breakout may target the daily fair value gap between $67,500 and $70,500.
The order book activity and cumulative volume delta data support the move, with smaller cohorts showing improving buying activity and the largest participants reducing net selling pressure.
The current positioning tracks 237 long levels against 1, indicating demand from spot buyers.