Bitcoin futures data shows bears gearing up for an assault on $60K
Bitcoin’s rejection at $70,000 and the large liquidity void below leave $60,000 vulnerable, a move analysts see as likely in the coming days.
Bitcoin (BTC) price fell to $65,800 on Wednesday, slipping back below key intraday trend lines and raising concerns that last week’s drop to $60,000 may not have been the final bottom. Now, analysts say that the possibility of another drop to the yearly low ($59,800) is increasing due to a growing liquidity gap between $66,000 and $60,000.
Key takeaways:
Bitcoin has formed a series of lower highs after repeated rejections near the $70,000–$72,000 resistance zone.