Bitcoin's price has been making significant strides in recent days, with the digital currency breaking through resistance levels of $69,500 and $70,000, and reaching a high of $71,200. These developments suggest that the cryptocurrency is poised for further gains, possibly even surpassing the $72,500 mark.

The short-term outlook for Bitcoin appears positive, as it is currently trading above $70,000 and the 100-hour Simple Moving Average. A significant uptrend line with support around $70,750 has also been observed on the 4-hour chart of the BTC/USD pair, indicating a strengthening bullish trend.

However, it is important to note that Bitcoin is still facing resistance levels, with the immediate resistance at $72,000. If this level is surpassed, larger resistance levels such as $72,500 and $72,800 will become significant. A clear move above the $72,800 resistance zone could signal the start of a new uptrend for Bitcoin.

In the coming days, Bitcoin is expected to rise towards $73,500 and potentially even further towards the $75,000 resistance zone.

On the other hand, if Bitcoin fails to break above the $72,000 resistance zone, it may continue its downward trend. The immediate support point for Bitcoin is at $70,750 or near the trend line. A close below these levels could see the price potentially retract to $70,350.

If the downward trend continues, the next significant support point is at the $70,000 level. A break below this level could rapidly send Bitcoin's price down to $68,500 and even towards the $67,500 support zone with further losses.

According to technical indicators, the hourly MACD is currently losing momentum in the bullish zone, which could be interpreted as a sign of weakness in the price. The hourly RSI (Relative Strength Index) is hovering near the 50 level for BTC/USD, and while this indicator is not a standalone decision point, it is important for indicating overall market sentiment.

Key support levels for Bitcoin stand at $70,750 and $70,000, while resistance levels are identified as $72,000, $72,500, and $73,500. Particularly, breaking the $72,000 resistance level could boost investor confidence and could lead to a renewed uptrend in price.