Bitcoin: Liquidity Trap Forms Near $79,594

Bitcoin sits in a liquidity trap with heavy pools stacked at $82,000 above and $76,000 below current price, according to trader @CryptoKing4Ever.

Price action at $79594.37 tests the upper Bollinger resistance at $80244.16 while the 50-EMA support rests at $75766.83 and the 200-EMA at $68955.71; with RSI at 62.35 remaining neutral yet MACD flashing a death cross, a sweep of the lower liquidity pool appears probable before any sustained move higher in this BTC price prediction environment.