Analyst Identifies Bitcoin Liquidity Pools You Should Be Aware Of Going Into July

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Analyst Identifies Bitcoin Liquidity Pools You Should Be Aware Of Going Into July - NewsBTC

Quick Summary:

Although Bitcoin has since recovered and returned above $60,600, Zen noted that the liquidity clearance suggests there’s still a further risk of Bitcoin falling back to $60,150 in the short term. Related Reading: Crypto Trader Says He’s Extremely Long’ On Ethereum, Undeterred By Crash Below $3,400 In addition, the analyst pointed out a number of other liquidity price points that may be used to evaluate momentum in July.

Analyst Highlights Potential Bitcoin Liquidity Pools As mentioned earlier, the recent price decline saw Bitcoin break below $60,000 earlier in the week.

Lastly, despite the recent price decline, Zen’s analysis indicates that the uptrend remains intact in the monthly candle timeframe. What To Expect From BTC Price At the time of writing, Bitcoin is trading at $60,765.