Bitcoin liquidity analysis described bulls as in control after the trip to $74,000, but a support retest could take BTC price action almost $10,000 lower.
Bitcoin’s recent pullback toward $60,000 was likely a buy-the-dip opportunity with the price set to recover, several key technical indicators suggested.
Bitcoin’s recovery picked up steam on Wednesday as the cryptocurrency rallied above $74,000 amid consistent inflows into the spot Bitcoin ETFs. Do technical charts support the move in BTC and altcoins?