Bitcoin rallies 5%, breaks $70,000, eyes $72,750 resistance

Bitcoin jumps 5% to $72,728, then cools. Price holds above $70,500 and the 100‑hour SMA, eyeing $72,750.

Bitcoin cleared $69,500 and $70,500, breaking a falling channel and the $68,800 cap. NewsBTC notes the breakout.

Price hit $72,728, then pulled back below the 23.6% Fib of the $67,734–$72,728 leg. RSI sits above 60. MACD is losing bullish pace. NewsBTC flags the correction setup.

Key levels:
- Resistance: $72,000; $72,750. Close above $72,750 targets $73,500, then $74,000 and $75,000. Source
- Support: $70,800; $70,250 (50% Fib of $67,734–$72,728); then $69,500 and $68,800; main floor $67,500. Source

Setup:
- Above $70,250–$70,500, bulls can retest $72,000 and $72,750. Source
- Rejection at $72,750 risks a drop toward $70,800, $70,250, and $69,500. Source