Bitcoin recovers above $70k but faces $71.5k to $72k resistance

Bitcoin bounces back above $70k. Bulls face $71,650–$72,000 resistance.

Bitcoin rebounded from $67,500 and cleared $69,500 and $70,000. Price broke a bearish trendline near $69,500 and moved back above the 100‑hour SMA, per NewsBTC.

The move retraced 38.2% of the $75,999 to $67,343 drop and stalled near the 50% level around $71,500, per NewsBTC.

Upside levels
- Immediate cap at $71,650
- Key break above $72,000 opens $73,500
- Further targets at $74,200 and $75,000
- Source: NewsBTC

Downside risks
- Failure below $71,650 can pull back
- Supports at $70,000 and $69,350
- Next at $68,950 and $68,000
- Main support at $67,500
- Source: NewsBTC

Indicators
- MACD losing bullish momentum
- RSI holds above 50
- Source: NewsBTC