Bitcoin continues to trade without a decisive directional bias as both buyers and sellers defend key technical levels. Until one side forces a confirmed breakout, the current environment is likely to remain dominated by range-bound price action and short-term liquidity grabs. Bitcoin Price Analysis: The Daily Chart The daily chart suggests Bitcoin is still locked in a prolonged consolidation phase between the major support around $57.8K to $60.2K and the primary resistance at $66.2K to $66.8K. Despite several attempts by both buyers and sellers, neither side has managed to establish a sustained trend beyond these boundaries. This type of market structure typically favors liquidity sweeps and stop hunts around local highs and lows before a genuine directional move develops. As long as the asset remains trapped between these two zones, traders should expect continued choppy price action rather than a sustained trend. A confirmed breakout above the $66.2K to $66.8K resistance could trigger another leg toward the higher resistance around $72K to $74K. Conversely, losing the $57.8K to $60.2K demand zone would invalidate the current consolidation and expose Bitcoin to a deeper correction...
Bitcoin Price Analysis: Will the Next Liquidity Sweep Push BTC Below $60K?
3 days ago
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