#What price tag do you think BTC will touch in this bull circle? Bitcoin Price Continues Rally as Bulls Now Aim for $75K

Bitcoin price started rising again above the $70,000 resistance. BTC reached $72,000 and now the bulls seem to be aiming to move towards $75,000.
Bitcoin price started rising again above the $70,000 and $71,000 levels.
The price is trading above $71,500 and the 100-hour simple moving average.
There is a triangle formation of short-term contracts with resistance at $72,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair may continue to move up if it breaks through the resistance levels of $72,500 and $72,850.
Bitcoin Price Sets New ATH
Bitcoin's price remained stable above the $68,000 level. BTC forms a support base and has recently started a new rise above the $70,000 resistance. The bulls raised the price above the $72,000 level.
The price traded to a new all-time high of $72,866. It is now consolidating gains near the 23.6% Fib retracement level of its upward move from the $67.666 swing low to a high of $72.866. There is also a triangle of short-term contracts formed with resistance at $72,500 on the hourly chart of the BTC/USD pair.
Bitcoin is now trading above $72,000 and its 100-hour simple moving average. The nearest resistance is near the $72,500 level and the triangle zone. The next major resistance is $72,850, above which the price may rise towards the $73,500 resistance zone.
If there is a clear movement above the $73,500 resistance zone, the price may even try to move above the $74,000 resistance zone. Further gains might send the price towards the $75,000 level.
BTC Downside Correction?
If Bitcoin fails to rise above the $72,500 resistance zone, it may initiate a downward correction. Immediate support on the downside is near the $72,000 level.
The first major support is $70,000 or the 50% Fib retracement level of the upward move from the swing low of $67,666 to the high of $72,866. If there is a close below $70,000, the price could initiate a decent pullback towards the $68,500 level. Another loss will probably cause the price to head towards