Bitcoin Price Jumps 8%, Breakout Hopes Reignite Across Crypto Markets

Bitcoin surged 8% above $70,000, reaching a peak of $74,062 before consolidating around current levels. The cryptocurrency is showing bullish momentum with key resistance at $72,800 and $73,500, while maintaining support above the 100-hour moving average.

• →Bitcoin rallied above $70,000 and reached a high of $74,062 before slight correction.
• →Key resistance levels are at $72,800 and $73,500, with potential upside targets at $75,000-$77,200.
• →Major support levels sit at $72,000 and $70,000, with critical support at $68,000.
• →A bullish trend line is forming with hourly chart support at $68,000.
• →Technical indicators show MACD losing pace in bullish zone while RSI remains above 50.