Bitcoin nears $71,650 resistance; breakout could target $73,500

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Bitcoin reclaims $70,000 and holds above the 100‑hour SMA. Bulls need a clean break above $71,650 to extend the move.

Bitcoin bounced from $67,343 and retraced 38.2% of the $75,997–$67,343 drop before sellers capped $71,650 (NewsBTC). Price trades above $70,000 and the 100‑hour SMA (NewsBTC).

A bullish flag is forming with resistance at $70,700 (NewsBTC).

  • Upside levels: break $71,650 to target $72,500, then $73,200 and $73,500 (source).
  • Downside risks: support at $70,000, then $69,500, $69,000, $68,200. Main line at $67,500 (source).
  • Momentum: MACD losing bullish pace. RSI above 50 (source).

Bitcoin price chart