Bitcoin: Liquidity Sweep Below $61,000 Eyed
Bitcoin at $64042.84 faces possible liquidity grab under $61,000 before testing $67,000-68,000 resistance, per Michaël van de Poppe.
SourceAnalysis
Bitcoin shows dull price action with Michaël van de Poppe flagging a potential sweep of liquidity beneath $61,000 before any push higher, while $67,000-68,000 holds as the decisive resistance zone.
Price sits at $64042.84 beneath the EMA50 at $64888.92 yet above the EMA200 at $63802.72, confirming the bearish trend structure on the 4h chart. The MACD death cross at -309.7 reinforces downside momentum even as RSI at 35.64 stays neutral, and trading inside the Bollinger Bands between $63719.96 support and $66717.61 resistance points to a liquidity hunt lower before any sustained recovery attempt in this range-bound summer market.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast