Bitcoin holds $70k support, eyes breakout above $71,650
Bitcoin breaks above $70.5k and $71.5k, then cools from $72,728. It holds above $70.2k and the 100‑hour SMA.
A bullish flag on BTC/USD caps at $71,650 on the hourly chart (Kraken feed). A clean move above $72,000 puts $72,800–$74,000 in play. NewsBTC
Bitcoin earlier reclaimed $69,500, then accelerated through $70,500 and $71,200 before topping at $72,728. The pair now consolidates; price still trades above the 100‑hour SMA. NewsBTC
Key levels to watch:
- Resistance: $71,650 flag top, then $72,000. Break and close above opens $72,800, $73,500, $74,000. NewsBTC
- Support: $70,300, then $70,000 and $69,650. Deeper dips target $69,000, with main support at $68,800. NewsBTC
Momentum check:
- MACD on hourly is losing bearish pace. NewsBTC
- RSI hovers near 50. NewsBTC
