Bitcoin's price continues to rise, surpassing $74,000 with a bullish momentum. Having broken past the $73,500 zone, it aims for resistance levels at $76,000 and $76,500. A bullish trend line supports BTC/USD at $75,250, with the price staying above the 100 hourly simple moving average.
Currently, Bitcoin is consolidating gains after reaching a high of $76,457, though minor dips are observed. Despite these, the uptrend remains intact as the price holds above $73,500.
On the technical front, the MACD and RSI indicators suggest a bullish scenario with the RSI above the 50 level. If Bitcoin manages to breach the $76,500 resistance, it could aim for $78,000, and eventually, $78,800.
In case Bitcoin cannot surpass the $76,000 resistance, it might see a dip, with crucial supports at the $75,250 and $74,150 levels, and further losses possibly pushing towards $72,000.
