Bitcoin Liquidity Grab Chances are Increasing as BTC/USD consolidates

The following are key points.

• Bitcoin order book liquidity has increased as BTC prices consolidate their recent relief rebound.

• The market participants expect BTC/USD to reach $111,000 in the next few months.

• Bitcoin’s modest gain for June has already brought the monthly close into focus.

BitcoinBTCAnalysis warns that traders could suffer new losses due to the next whipsaw BTC prices.

Monitor resource: The most recent exchange order data CoinGlass Shows prime conditions for new rounds of “liquidity grabs” You can earn up to $111,000.

BTC prices are set to be impacted by liquidity

Bitcoin has maintained its $105,000 level after an impressive rebound following a multi-week decline. Middle East ceasefire.

With BTC price action consolidating, however, liquidity on either side of the spot price is growing — and traditionally, this results in a snap move to neutralize it, an event often called a liquidity “grab.”

“I wouldn’t be surprised to see $BTC push a little higher into the 107K’s before pulling back and taking the liquidity below 105-104K with a quick wick,” Mark Cullen, a popular analyst and trader, summarized his thoughts to X subscribers on the 25th of June.

Cullen has uploaded CoinGlass data on liquidity, which shows key prices at which events of liquidation should take place.

As of the date this article was written, $108,000 became a goal as liquidity is replenished to near-all-time highs. 

Zooming out, fellow trader Jelle noted that upside liquidity — especially around current all-time highs — had become more significant relative to that sitting below price, increasing tHe odds of a move higher.

“$111,000 looks eager to be tagged next,” he suggested Commenting on CoinGlass statistics is a great way to get started.

Meanwhile, Trader Skew marked $103,000 as a “pivotal” Should a liquidity squeeze occur at the bottom, it is important to know your level. 

“Currently market is pretty neutral in terms of positioning, longs opening targeting higher & shorts opening here as hedges,” Part of His latest X analysis explained.

“The more liquidity that gets attracted here = greater the reaction.”

BTC monthly price closes at key level, according to analyst

The liquidity conditions will be watching for volatility in the lead up to key US macroeconomic statistics and monthly candle closing.

Related: Bitcoin ETFs log biggest June inflows at $588M, extend 11-day streak

The following are some of the ways to get in touch with us. Cointelegraph reportedThe Federal Reserve will release its quarterly report on June 27, 2019. “preferred” Officials are urging people to monitor inflation levels open to an interest-rate cut Next Month

Rekt Captial, an analyst and trader, claims that with BTC/USD up overall by 1.7%, it is the monthly close levels which will reveal how much BTC/USD has increased.

“A Monthly Close above ~$102400 (blue) would confirm the Monthly Range breakout,” He wrote On the 24th of June, click on X to see an accompanying chart.

This article contains no investment recommendations or advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making any kind of decision.