According to CoinMeta, after breaking through its recent range, the price of Bitcoin is now trading at $69,800, with a target of $73,674. This price breakthrough has enabled those who held the asset for a short period at below $68,500 to become profitable again. Analysts Micha, van, de, and Poppe pointed out that $73,674 is the next major liquidity level, but bulls first need to maintain a breakthrough above $68,500. The price of Bitcoin also faces a broader resistance at $75,800. Recent treasury bond repurchases have driven down yields, which has helped push up prices, mainly due to a large number of bears closing their positions.