Bitcoin jumps 5%, clears $74K, targets $75K next

Bitcoin jumps ~5%, taps $74,966; bulls eye $75k

Bitcoin broke $74,000 and hit $74,966. Price holds above $74,000 and a rising trend line.

Bulls target a clean break of $75,000 for higher levels.

The move followed support near $70,500 and a fresh increase. Price trades above the 100-hour SMA, per recent tracking. Trend line support sits at $73,800 on the hourly BTC/USD chart (Kraken feed). Consolidation is above the 23.6% Fib of the $70,517 to $74,966 leg.

• Immediate resistance $74,800
• Key break level $75,000
• Upside targets $76,500, then $77,200, next $78,000
• First supports $73,800 and $73,250
• Deeper supports $72,750, then $72,200; main $71,500

Indicators: MACD builds bullish momentum. RSI stays above 50.

Risk map: Above $75,000 keeps $76,500–$78,000 in play. Below $73,800 opens $72,750.