Bitcoin Price Climbs Again — Bulls Aim for New Monthly High

Bitcoin price climbed above $72,000 and is consolidating, with bulls targeting new monthly highs if BTC can break through the $73,000 resistance level. Technical indicators show bullish momentum with MACD gaining pace and RSI above 50, though failure to breach $73,000 could trigger another decline toward $70,000 support.

• →Bitcoin price surged above $72,000 and is trading above the 100 hourly moving average with bullish trend line support at $71,500
• →Key resistance levels at $73,000 and $74,000 must be cleared for continued upward momentum toward potential $75,000 target
• →Technical indicators are bullish with MACD gaining pace and RSI above 50 level
• →Failure to break $73,000 resistance could lead to decline toward major support levels at $71,500 and $70,000
• →Bitcoin recovered above the 50% Fibonacci retracement level from recent $73,928 high to $70,200 low