Bitcoin has reignited bullish momentum after surging above $69,000 following softer US inflation data, strengthening expectations of a V-shaped recovery toward $72,000. The latest BTC to PKR price action signals that the recent dip near $60,000 may have marked a local bottom, with analysts now eyeing a breakout that could trigger a short squeeze toward $80,000.
The world’s largest cryptocurrency, Bitcoin, rallied sharply after US CPI data showed cooling inflation, lifting risk assets across global markets. BTC climbed past $69,000, reviving short-term bullish sentiment after weeks of consolidation.
Market analysts say bulls must decisively break the $68,000–$70,000 resistance zone to confirm strength. Popular trader Daan Crypto Trades noted that Bitcoin “got slammed back down at the $68K level,” adding that this remains the key area to clear for another upward leg.
Technically, BTC is forming a V-shaped recovery pattern on the four-hour chart. The price is currently testing resistance around the 20-period EMA near $67,500 and the 200-week EMA close to $68,000. A clean breakout above this level could push Bitcoin toward the neckline at $72,000.
If Bitcoin confirms $65,000 as solid support and reclaims $70,000, analysts believe a rapid 8–10% rally could follow. Liquidation data from CoinGlass shows heavy short positions stacked between $72,000 and $80,000. A move above $72,000 may trigger forced short covering, accelerating the rally toward $80,000.
On the downside, strong bid liquidity sits near $65,000, suggesting buyers remain active at lower levels. Analysts expect volatility between $65K and $70K before a decisive breakout.
Bitcoin had corrected sharply from previous highs above $73,000 amid macroeconomic uncertainty and ETF outflows. However, improving inflation data and growing institutional demand have revived optimism. A confirmed breakout above $72,000 could open the door toward the 20-day EMA near $76,000 and eventually the 50-day SMA above $85,000, marking a potential 26% upside from recent lows.
For Pakistani investors tracking BTC to PKR trends, the current momentum reflects renewed global appetite for digital assets, although currency fluctuations may influence local pricing.
Bitcoin’s current structure suggests that bulls are attempting to regain control. A sustained move above $70,000 could validate the V-shaped recovery and set the stage for a run toward $72,000 and possibly $80,000. However, failure to hold $65,000 may increase the risk of another corrective move before the next major rally.
