Bitcoin Price Targets $75K Break, Is a New Rally Incoming?

Bitcoin price started a fresh surge and cleared the $74,500 zone. BTC is consolidating and might aim for more gains above the $75,000 level.

Bitcoin managed to stay above $73,500 and started a fresh increase.

The price is trading above $74,000 and the 100 hourly simple moving average.

There is a declining channel forming with resistance at $75,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair might extend gains if it stays above the $73,650 and $73,300 levels.

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BTC
BTCUSDT
77,157.1
+2.92%

$BNB

BNB
BNBUSDT
644.6
+1.56%