Bitcoin Price Targets $75K as Bulls Gain Momentum Above Key Support

Bitcoin is consolidating above the 200-day SMA near $64,000 as buyers regain momentum. BTC is trading around $68,522, with the $74,000-$75,360 zone emerging as the next major resistance area. A sustained breakout above this range could strengthen the bullish reversal outlook and reduce downside risks, while failure to clear resistance may keep Bitcoin within its broader consolidation range. Rising open interest, bullish MACD momentum and short liquidations add further context to the recovery.