Yes. From the current price of $65,481, BTC needs approximately 6.9% to reach $70,000. That is a substantial move, but not an unusual distance for Bitcoin during a sustained breakout.
BTC is currently up 1.31% over 24 hours, while the broader crypto market capitalization has risen from $2.18 trillion to $2.20 trillion over the past two days. This suggests improving demand, although the move has not yet developed into a decisive market wide breakout.