Bitcoin surged above $69,000 after US CPI data showed cooling inflation. Traders hope for a short-term price recovery, with resistance at $68,000 to $70,000. Analysts predict a rally to $80,000 if $65,000 support holds. Liquidation risk looms near $80,000, with bid clusters at $65,000 and ask orders at $68,000.

Read more at Cointelegraph: Bitcoin Eyes $80K as Traders Expect A Short-term BTC Price Rebound.