BTCUSD on the H1 timeframe has been exhibiting a classic bullish consolidation pattern over the past 24 hours, with the price oscillating between a key 70k support zone and a 71k–72k resistance area. The recent swing high of 71058 and the swing low of 70512 have created a tight trading band that has attracted a moderate amount of buying interest, as evidenced by the volume spikes that accompanied the upward moves. From a technical standpoint, the pair has established a series of higher highs and higher lows since the rally that began around 67578, indicating an underlying uptrend. The 70k…

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