Bitcoin Traders Explain Why $80K Is the Next Target for Bulls

Written by Nancy Lubale , Former Staff Writer Reviewed by Allen Scott , Staff Editor Bitcoin traders explain why $80K is the next target for bulls 1 hour ago The return of spot Bitcoin ETF inflows may fuel a BTC price recovery, as signs of a potential rebound to $75,000-$80,000 emerge. Listen 0:00 Market Analysis Cointelegraph in your social feed Follow our Subscribe on Bitcoin ( BTC ) tapped $70,000 during Wednesday’s New York session as bulls targeted sell liquidity. Key takeaways: BTC price support must hold above a key trendline at $68,000 for the rebound to continue. $80,000 is a key level to watch as the next big liquidation cluster above. Spot Bitcoin ETF inflows attracted half a billion dollars in inflows on Wednesday. BTC/USD hourly chart. Source: Cointelegraph/ TradingView Bitcoin must close week above $68,000 Data from TradingView showed the BTC/USD pair at $68,480 on Bitstamp. This is just above the 200-week exponential moving average (EMA), which is currently at $68,338.