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Analysis: If BTC breaks through $75,000, it may challenge $80,000, and a pullback to the 200-week moving average could become a new resistance
Market data shows that the price of Bitcoin has risen above the current 200-week exponential moving average at $68,338. Rekt Capital analysis points out that Bitcoin is being suppressed by this trend line, and the latest rebound may evolve into a "post-break EMA retest confirming new resistance." The market is focusing on the liquidity-rich area above $72,000, anticipating a potential "liquidity sweep" scenario. If the bulls successfully reclaim the key moving averages and confirm a weekly close, $80,000 may become the next target price.
AlphaBTC analysis states: "The liquidity hunt for Bitcoin has just begun. Once new bearish catalysts emerge, higher price levels are expected to be tested in the coming weeks."
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