Bitcoin tests $73k liquidity, buyers target $80k
Bitcoin sweeps $73k liquidity, rejects near $74k; $80k in focus
Bitcoin tapped overhead liquidity around $73,000, then met a sharp rejection near a $74,000 cluster. Structure holds as buyers reload on dips.
Overnight, Columbus’ MMT Heatmap showed a fast push into the upper liquidity pocket, with a quick knock-back near $74,000. Columbus’ update details the sweep and reaction.
This was a liquidity probe, not value acceptance. A sweep, then positioning. NewsBTC explains this standard process before a sustained move.
Price rotates as it tries to reclaim the former channel top. Old resistance needs to flip to support for the next leg. NewsBTC: key support band.
Demand remains the hinge. ETF data shows bids reappearing on dips. NewsBTC: spot ETF net inflows.
On the weekly chart, price tests a major support–resistance zone dating back to the week of March 11, 2024. Such areas often set the next big move. NewsBTC: historical zone context.
Momentum is not stretched. Weekly RSI and Stoch RSI have room, leaving scope for an $80,000 push if momentum builds. Christopher Inks on momentum and NewsBTC: momentum backdrop.
Inks adds: a strong weekly break-and-close above the yearly pivot at $96,071.25 would signal the cycle low is set and open the path to a new ATH. NewsBTC: yearly pivot level.
- $74,000 liquidity cluster rejected per MMT Heatmap
- Reclaiming prior channel resistance is key per NewsBTC
- $80,000 in view if momentum continues per Inks
- $96,071.25 weekly close above yearly pivot would confirm cycle low per NewsBTC
