Bitcoin Price Eyes $80,000 Liquidity Grab as ETFs Resume Buying BTC
The post Bitcoin Price Eyes $80,000 Liquidity Grab as ETFs Resume Buying BTC appeared on BitcoinEthereumNews.com.
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. Related: Bitcoin tops $69.5K after stocks rebound, strong earnings data boost risk appetite Analyst Rekt Capital spotted Bitcoin facing resistance from this trendline, saying that the latest recovery could turn into a “post-breakdown retest of the EMA into new resistance” based on historical price action. “The moment of truth is coming for Bitcoin,” Rekt Capital said, adding: “Bitcoin will need a Weekly Close back above the EMA and flip it into new support to go against the grain of history.” BTC/USD weekly chart. Source: Rekt Capital Zooming in, fellow analyst Jelle said that the price needs to turn the 50 EMA (at $68,000) on the four-hour chart into support to confirm the recovery. BTC/USD four-hour chart. Source: Jelle As Cointelegraph reported, the BTC/USD pair may rally to $74,508, where sellers are likely to step in, if the 20-day EMA, currently at $69,220, is broken by the bulls. Will liquidations drive BTC price to $80,000? Several traders are anticipating a possible liquidity grab where a cluster of ask-orders are placed above $72,000. The latest data from monitoring resource CoinGlass showed BTC price tapping the liquidity around $70,000, with the bulk of interest still clustered above the spot price. About $2 billion in ask orders are…
Filed under: News - @ February 27, 2026 2:21 am