Bitcoin $BTC is approaching a major decision point.
BTC briefly pushed above $70K, but hasn’t secured acceptance above the level yet.
The liquidation heatmaps shows a large amount of liquidity sitting above price around the $71K-$72K region.
If Bitcoin breaks through and holds that area, another wave of short liquidations could accelerate the move higher.
But after such a strong squeeze, the market needs to prove buyers are still in control.
The next battle is clear:
$70K.
Does it become support…
Or resistance?
BTC briefly pushed above $70K, but hasn’t secured acceptance above the level yet.
The liquidation heatmaps shows a large amount of liquidity sitting above price around the $71K-$72K region.
If Bitcoin breaks through and holds that area, another wave of short liquidations could accelerate the move higher.
But after such a strong squeeze, the market needs to prove buyers are still in control.
The next battle is clear:
$70K.
Does it become support…
Or resistance?