Odaily Planet Daily reports that market data shows Bitcoin’s price has risen above the current 200-week moving average of $68,338. Rekt Capital’s analysis indicates that Bitcoin is being suppressed by this trend line. The latest rebound could develop into a “break below and EMA retest to confirm new resistance.” The market is focusing on the liquidity-rich zone above $72,000, with expectations of a “liquidity sweep” pattern. If the bulls successfully regain key moving averages and close the weekly candle confirmation, $80,000 could become the next target price. AlphaBTC analysis states: “Bitcoin’s liquidity hunt has just begun. Once a new bearish catalyst appears, higher prices are expected to be tested in the coming weeks.” (Cointelegraph)
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