Bitcoin holds $70,200; bulls must clear $71,650 resistance to rally

Bitcoin rebounds above $70.2k. Bulls eye a close over $71.65k to extend gains.

Price reclaimed $70,200 and $70,500, then spiked toward $72,000 after clearing the 50% Fib of the $75,998 to $67,342 drop, per NewsBTC analysis. Bitcoin now trades above the 100‑hour SMA with trendline support near $70,400.

A steady close above $71,650 sets up tests at $72,650, $73,200, and $73,500, per a NewsBTC follow‑up.

If price stays below $71,000–$71,650, sellers may push toward $70,000, then $69,200 and $68,800. The main support sits at $67,500, per NewsBTC.

• Spot holds above $70,200 and the 100‑hour SMA, trendline at $70,400 source
• Key resistance levels $71,200 and $71,650; breakout targets $72,650, $73,200, $73,500 source
• Supports at $70,000, $69,200, $68,800; main support $67,500 source
• MACD losing bullish momentum; RSI below 50 source