Bitcoin’s price spent most of the last seven days consolidating at $94,000. signs of a break to either side. Crypto analyst says that Bitcoin’s recent price movement has led to liquidity blocks being observed in the range of $86,000-$104,000. This raises the likelihood of a rebound towards $104,000. a downside break Get up to $86,000 off the current price
Huge Blocks of Liquidity in Both Directions
The recent consolidation of Bitcoin’s price has left little room for interpretation. The liquidation heat map also reflects the same trend. As highlighted by Bitcoin’s Liquidation Heatmap, according to crypto analyst Kevin @Kev_Capital_TA, shows massive blocks of liquidity from $86,000-$90,000 and up to $104,000.
Related Reading
The analyst believes that this massive block of liquidation could lead to a Bitcoin price movement up and down between $86,000 to $104,000 by the end month. A break below $86,000 would have an adverse effect on Bitcoin’s price. Bitcoin UTXO Price Distribution (URPD), ATH-partitioned shows a $12,000 support void Below this price level. A decline of $86,000 could lead to a subsequent crash down to $75,000
Bitcoin’s price is expected to move in the range of $86,000 to $104,000. A bullish case can only be made if Bitcoin eventually breaks above $108,000. The current Bitcoin price is a high point. This level is important because it serves as Bitcoin’s current price peak.
Analyst also stresses the importance of closely monitoring USDT dominance which is currently at 3,7%. Kevin says that a clear breakdown in USDT dominance would be a signal of a bullish and stable market. The less USDT dominates the market, and investors convert their stablecoins in to Bitcoins or other cryptocurrencies.
Liquidation Blocks: A Logical Approach
Kevin stated that the logical approach Keep an eye on your market when you see these predicted ups and downs choppy movements. This method is more useful to traders that are involved with recent trades or current price movement.
Related Reading
On the contrary, those who hold since the lows of the bear market are the traders. may find it easier The overall bullish outlook allows us to weather current volatility. projects further price increases Throughout 2025.
Bitcoin was trading for $94,050 at the time this article was written. It is currently down 0.5%, and has fallen by 5.46% in the last 24 hours.
Featured Image created using Dall.E and chart from Tradingview.com
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: www.newsbtc.com
