BTC price volatility may return with a $100 million liquidity cloud appearing overhead as Bitcoin edges higher.
Analyzing the status quo on order books, trading resource Material Indicators flagged a significant build-up of ask liquidity immediately above the spot price.
“Order book data in FireCharts shows that there isn’t currently a lot of bid liquidity at $60k, but there is a more at $58k. If price holds there, it would create a higher low which is what bulls want to see.”Alan stressed the significance of the 21-week simple moving average , currently at $56,127, with $52,000 coming into play should that level fail to hold.
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