Bitcoin Holds Above $70,000 As Bulls Defend Key $69,000 Support And Eye $72,500 Break

Bitcoin extended its advance beyond $68,500 and pushed through the $70,000 and $72,000 resistance areas before facing sellers around $74,062. The price is now consolidating above $70,000 and the 100-hourly simple moving average, with a bullish trend line offering support near $69,000. A clear move above $72,000–$72,500 could open the way to $73,200 and $74,000, while failure to break higher risks a pullback toward $70,000, $69,000 and possibly $66,200.