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⛓️ Crypto🟢 BullishImportance 7/10
Bitcoin Probes $73,000 Liquidity Pocket: Is The Next Leg Toward $80,000 Loading?
🤖AI Summary
Bitcoin recently tested the $73,000 liquidity pocket before encountering sharp rejection near $74,000, but buyers are stepping in on dips. Technical analysis suggests Bitcoin is in a positioning phase that could set up a move toward $80,000, with momentum indicators showing room for further upside.
Key Takeaways
- →Bitcoin surged to $73,000 overnight but faced sharp rejection near $74,000 liquidity cluster.
- →The market is currently in a rotation phase attempting to convert previous resistance into support.
- →Bitcoin is testing a historic weekly support-resistance zone dating back to March 11, 2024.
- →Weekly RSI and Stochastic RSI remain far from overheated territory, suggesting room for further upside.
- →A weekly close above the yearly pivot at $96,071.25 would signal confirmation of cycle low and potential new all-time highs.
Read Original →via NewsBTC
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