Bitcoin is on the verge of a significant weekly close, with the cryptocurrency recently tapping $69,000. Analysts suggest that if Bitcoin can close above $68,500, it could reach $75,000 soon. A close above $68,500 would be the first since June 9, 2024, and could lead to the liquidation of $33 billion in Bitcoin shorts if it reaches $72,462. Additionally, $750 million of Bitcoin shorts will be liquidated at $72,000. The market is closely watching to see if Bitcoin can maintain this bullish momentum and confirm a breakout of the long-term bull flag on the weekly chart. Bitcoin is just 1.5 hours away from a potential close above the previous cycle's ATH.