{"id":912551,"date":"2026-06-13T18:12:15","date_gmt":"2026-06-13T23:12:15","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/13\/bitcoin-price-smashes-74k-barrier-rally-gains-strong-traction\/"},"modified":"2026-06-13T18:12:15","modified_gmt":"2026-06-13T23:12:15","slug":"bitcoin-price-smashes-74k-barrier-rally-gains-strong-traction","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/13\/bitcoin-price-smashes-74k-barrier-rally-gains-strong-traction\/","title":{"rendered":"Bitcoin Price Smashes $74K Barrier, Rally Gains Strong Traction"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div id=\"ftwp-postcontent\">\n<p><em>Bitcoin price started a fresh surge and cleared the $73,800 zone. BTC is consolidating and might aim for more gains above the $75,000 level.<\/em><\/p>\n<ul>\n<li>Bitcoin managed to stay above $72,000 and started a fresh increase.<\/li>\n<li>The price is trading above $74,000 and the 100 hourly simple moving average.<\/li>\n<li>There is a steep bullish trend line forming with support at $73,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might extend gains if it stays above the $73,800 and $72,750 levels.<\/li>\n<\/ul>\n<h2 id=\"ftoc-heading-1\">Bitcoin Price Surges Nearly 5%<\/h2>\n<p>Bitcoin price found support near $70,500 and started a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-at-risk-again-70500\/\" target=\"_blank\">fresh increase<\/a>. BTC gained pace for a move above the $72,000 and $72,500 resistance levels.<\/p>\n<p>The bulls even pushed the price above the key level at $74,000. A high was formed at $74,966, and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $70,517 swing low to the $74,966 high.<\/p>\n<p>Bitcoin is now trading above $74,000 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/bitcoin-price-turns-higher-72k\/\" target=\"_blank\">100 hourly simple moving average<\/a>. There is also a steep bullish trend line forming with support at $73,800 on the hourly chart of the BTC\/USD pair.<\/p>\n<figure id=\"attachment_891694\" aria-describedby=\"caption-attachment-891694\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/04\/Bitcoin_b65aa4.png\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/04\/Bitcoin_b65aa4.png?resize=1024%2C512\" alt=\"bitcoins Bitcoin Price \" width=\"1024\" height=\"512\"   loading=\"lazy\"><\/a><figcaption id=\"caption-attachment-891694\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>If the price remains stable above $74,000, it could attempt a fresh increase. Immediate resistance is near the $74,800 level. The first key resistance is near the $75,000 level. A close above the $75,000 resistance might send the price further higher. In the stated case, the price could rise and test the $76,500 resistance. Any more gains might send the price toward the $77,200 level. The next barrier for the bulls could be $78,000.<\/p>\n<h2 id=\"ftoc-heading-2\">Downside Correction In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $75,000 resistance zone, it could start another decline. Immediate support is near the $73,800 level and the trend line.<\/p>\n<p>The first major support is near the $73,250 level. The next support is now near the $72,750 zone or the 50% Fib retracement level of the upward move from the $70,517 swing low to the $74,966 high. Any more losses might send the price toward the $72,200 support in the near term. The main support now sits at $71,500, below which BTC might struggle to recover in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $73,800, followed by $72,750.<\/p>\n<p>Major Resistance Levels \u2013 $75,000 and $76,500.<\/p>\n<\/div>\n<p> Aayush Jindal <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-smashes-74k-barrier\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh surge and cleared the $73,800 zone. BTC is consolidating and might aim for more gains above the $75,000 level. Bitcoin managed to stay above $72,000 and started a fresh increase. The price is trading above $74,000 and the 100 hourly simple moving average. There is a steep bullish trend line<\/p>\n","protected":false},"author":1,"featured_media":912552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,4759],"tags":[11476],"class_list":["post-912551","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-price","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/912551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=912551"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/912551\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/912552"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=912551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=912551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=912551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}