Bitcoin trades near $67,416 (≈ PKR 19.0–19.2 million), slightly above the 200-week EMA (~$68,338). Analysts stress the importance of closing the week above this level to flip it into support, enabling a sustained recovery.
“Bitcoin will need a weekly close back above the EMA and flip it into new support to go against the grain of history,” noted analyst Rekt Capital.
On shorter timeframes, the 50 EMA at $68,000 on the four-hour chart must hold as support to confirm bullish momentum, while a break above the 20-day EMA (~$69,220) opens the path toward $74,500.
Traders note that large ask orders exist between $72,450 and $75,000, totaling about $2 billion. If BTC breaks through $75K, it could trigger a cascade of short liquidations, potentially driving Bitcoin toward the $80,000 liquidity cluster.
“Bitcoin’s liquidity hunt has only just started. Unless there is a catalyst to drop, these higher levels are likely to be run in the next few weeks,” analyst AlphaBTC said.
US spot Bitcoin ETFs recorded $507 million inflows on Wednesday, marking the largest daily inflow since Feb. 2, with Tuesday adding $258 million. Analysts highlight that these inflows represent institutional accumulation, not retail FOMO, giving BTC a strong foundation for further upside.
“ETF inflows and short liquidations are doing the heavy lifting,” said X user Raster.
Growing institutional demand, combined with whale accumulation and technical breakout levels, reinforces the probability of a BTC move toward $75K–$80K in the coming weeks.
If Bitcoin maintains support above $68K and clears the $72K–$75K liquidity zone, a surge toward $80,000 appears likely. Short-term support sits near $66K–$67K, while the 200-week EMA continues to act as a critical line for bulls to hold momentum.