Bitcoin Targets $73,000 Resistance As Price Holds Above $71,500 Support Zone

Bitcoin has extended its rebound above the $72,000 area and is now trading over $71,800 and the 100-hourly simple moving average. With a bullish trend line supporting the BTC/USD pair near $71,500, a break of the $73,000–$74,000 resistance region could open the way for a move toward $75,000, while failure there risks a pullback toward $72,000 and possibly $70,000.