Bitcoin targets weekly close above $70K as price holds 200-week EMA support

On Sunday, Bitcoin traded above $70,000 as bulls aimed to secure a weekly close that keeps the price above the 200-week exponential moving average and the former 2021 all-time high. The market remained more than 8% higher for the week, while analysts described repeated selling above $70,000 as consistent profit-taking within a broader range between $54,400 and $78,400.