Bitcoin's price charts hint at a possible breakout from the $50K-$72K range, with analyst Stockmoney Lizards predicting a surge to $75K-$80K if the higher low holds.

BTC has been forming higher lows since August, suggesting a market shift. Investor demand has rebounded, with 150K BTC worth $9.4 billion bought between late September and mid-October, hinting at growing interest.

However, rising leverage and Open Interest (OI) present risks. The recent pump from $58.9K to $63.4K reduced OI by less than 5%, a level that often leads to extended rallies.

Currently, BTC is at $62.8K, consolidating below its 200-day Moving Average.