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Bitcoin's Crucial Levels and Liquidity Movements

9/5/2024 2:00:02 PM

Bitcoin's Crucial Levels and Liquidity Movements

According to CryptoMichNL, the short-term movements of Bitcoin are currently unexciting. Bitcoin took liquidity above $58.2K and then dropped back. It is likely to take liquidity lower at $54K before reversing back up. This week is significant due to upcoming events. Key levels to watch are $56K and $58.2K, which will determine the direction of Bitcoin's price. (Source)

Bitcoin CryptoMichNL $56K $54K $58.2K

More from Michaël van de Poppe (@CryptoMichNL): Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast