Bitcoin is on the verge of breaking above the $70K resistance level but has faced instant rejection as it was trading at $67K as of press time.
is on the verge of breaking above the critical $70K resistance level but has faced instant rejection as it was trading at $67K as of press time.
As the bull market gains strength, investors are closely watching for signs of a deeper correction, with the $67K zone being a key level to monitor. Buying the dip could lead to significant gains if the correction holds.Currently, Bitcoin’s game of liquidity is a major focus. A large cluster of liquidity is forming above the $70K level, while another pool is building below the $58K zone.
The futures market plays a significant role in influencing Bitcoin’s price, and this record open interest suggests that Bitcoin is likely to push past the $70K level soon.Furthermore, Bitcoin spot ETFs made headlines last week with a significant net inflow of $2.13 billion. This marks the third-largest inflow in history, highlighting strong institutional interest.
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