Bitcoin Price Analysis: Liquidation Heatmap Reveals BTC’s Most Crucial Levels
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Bitcoin is trading between $60K and $70K amidst market indecision. A rejection at $70K led to a pullback towards the $65K support level, indicating a prevailing consolidation phase.
Bitcoin continues to exhibit choppy price action, fluctuating within the $60K–$70K range as the market remains in a clear state of indecision. With neither side establishing dominance, further consolidation appears to be the most probable scenario for the week ahead.
Bitcoin Price Analysis: The Daily Chart
On the daily timeframe, BTC’s rejection at the $70K level resulted in a gradual pullback toward the key $65K support area. The $70K region coincides with the midline of a multi-month descending channel, reinforcing its importance as both a structural and psychological supply zone.
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Coins
$ 69.84K
+1.50%
$ 0.00261
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In This News
Coins
$ 69.84K
+1.50%$ 0.00261
Share:
Read More
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Bitcoin Price Analysis: Liquidation Heatmap Reveals BTC’s Most Crucial Levels
Share:
Bitcoin is trading between $60K and $70K amidst market indecision. A rejection at $70K led to a pullback towards the $65K support level, indicating a prevailing consolidation phase.
Bitcoin continues to exhibit choppy price action, fluctuating within the $60K–$70K range as the market remains in a clear state of indecision. With neither side establishing dominance, further consolidation appears to be the most probable scenario for the week ahead.
Bitcoin Price Analysis: The Daily Chart
On the daily timeframe, BTC’s rejection at the $70K level resulted in a gradual pullback toward the key $65K support area. The $70K region coincides with the midline of a multi-month descending channel, reinforcing its importance as both a structural and psychological supply zone.
In This News
Coins
$ 69.84K
+1.50%$ 0.00261
Share:
In This News
Coins
$ 69.84K
+1.50%$ 0.00261
Share:
Read More
South Korean Police Lose 22 Bitcoin From Cold Wallet in Gangnam Evidence Case