Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do

Quick Summary:

As highlighted by crypto analyst Kevin (@Kev_Capital_TA), Bitcoin’s liquidation heatmap relays massive liquidation blocks from $86,000 to $90,000, all the way to $104,000.  Related Reading: Bitcoin Bearish Case: Continued Rejection At $100,000 Increases Likelihood Of Breakdown According to the analyst, these massive liquidation blocks raise the possibility that the Bitcoin price would continue to sweep between these levels and create an up-and-down movement between $86,000 up until $104,000 till the end of the month.

According to a crypto analyst, Bitcoin’s recent price movements have led to the creation of liquidity blocks observed between the $86,000 to $104,000 range, which raises an equal likelihood of a bounce towards $104,000 or a downside break to $86,000 from the current price.

Related Reading: Dogecoin Whales Go on 470 Million DOGE Buying Spree Amid Bullish Recovery In Major Metrics On the other hand, traders who have been holding since the bear market lows may find it easier to weather the current volatility, given that the broader bullish outlook projects further price increases throughout 2025.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Crypto Bitcoin price Bitcoin BTCUSDT Btc Btcusd Bitcoin news Analyst Bitcoin Crypto news BTC news Crypto analyst Btc price

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-13 @ 11:00:33 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 444 words

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