BTC has breached the $70k mark boosting the market sentiments surrounding the possible approval of new Bitcoin's institutional product. The approval of BTC and ETH Exchange Traded Notes (ETN) by London Exchange via a marketplace in May has fueled Bitcoin's rally. On the other side, the technical analysis by Jelle, a noteworthy crypto analyst, has unveiled the BTC/USDT chart, highlighting its crucial resistance level. As per the analysis, BTC has successfully broken its resistance barrier at the $64k level, which might also turn out to be the next support level.