Bitcoin Liquidity Analysis Eyes $65,000 Support Retest to Come
Bitcoin's surge to $74,000 liquidated shorts, but analysis suggests a potential retest of $65,000 support is likely next.Summary
Bitcoin recently experienced a significant price surge to $74,000, which analysts noted "annihilated" short sellers, leading to nearly $600 million in liquidations, the highest since February 25th. Despite bulls taking control, analysis from CryptoReviewing suggests that while a liquidity zone exists between $73,000 and $75,000, a more probable next move is a visit to the $65,000 to $71,000 support zone, which holds significantly more liquidity. Another analyst, Keith Alan, suggested a support test would be healthy for a durable rally, though he warned long-term bearish signals remain. This price action coincides with renewed institutional interest, as US spot Bitcoin ETFs saw net inflows of nearly $500 million on Wednesday, continuing a strong March trend.
(Source：Cointelegraph)