Market data shows that Bitcoin's price has risen above its 200-week exponential moving average (EMA) at $68,338. Rekt Capital analysis points out that Bitcoin is currently being suppressed by this trendline, and the latest rebound may evolve into a "retest of the EMA after a break below, confirming new resistance." The market is focusing on the liquidity-intensive area above $72,000, anticipating a potential "liquidity sweep." If the bulls successfully recover the key moving average and confirm it with a weekly close, $80,000 could become the next target price. AlphaBTC analysis states, "The Bitcoin liquidity hunt has only just begun, and unless a catalyst for a decline emerges, the price highs are expected to be broken in the coming weeks." (Cointelegraph)