Bitcoin rebounds above $74K, eyes $75K breakout to extend gains

Bitcoin holds above $74k after a bounce. Bulls watch $75k–$75.5k for a breakout.

Price stayed over $73,500 and reclaimed $74,000, tracking above the 100‑hour SMA on the BTC/USD chart from Kraken data. A declining channel caps price near $75,000. NewsBTC notes the fresh push and the move above the 100‑hour SMA.

The last swing high hit $76,088, then price briefly slipped under the 38.2% Fib of the $70,518–$76,088 rally. It rebounded back above $74,000.

Key levels:
- Resistance at $75,000 and $75,500
- Targets at $76,000, $77,500, $78,000 if $75,500 breaks
- Support at $74,250, then $73,650
- Next support at $73,300, then $72,650
- Main support at $72,000

Hourly MACD turns higher. RSI stays above 50.

First mention: Bitcoin.