Bitcoin is moving sideways around $69,000, the highest level of 2021.
The price has been stuck in this range for a few days. Liquidity is currently both above $70k and below $66k. That's why the market looks sluggish and confused. If BTC drops below $66k, a deeper correction could occur. If it stays above $69k, it indicates market strength and acceptance. This range won't last long. The next breakout will determine the trend. $BTC {spot}(BTCUSDT)
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Bitcoin is moving sideways around $69,000, the highest level of 2021.
The price has been stuck in this range for a few days.
Liquidity is currently both above $70k and below $66k.
That's why the market looks sluggish and confused.
If BTC drops below $66k, a deeper correction could occur.
If it stays above $69k, it indicates market strength and acceptance.
This range won't last long.
The next breakout will determine the trend. $BTC
{spot}(BTCUSDT)