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Just noticed that the BTC price is now at $77.36K, which is significantly above a key level. To keep the momentum strong, the price of BTC must not fall below $70,500.
What’s interesting is that most of the liquidity is below the current price level, which means that traders who bought earlier are expecting the price of BTC to rise in order to close their profits. If the price reaches that point, we might see some selling to realize gains.
In summary, the BTC price needs to stay above $70,500 to indicate that the trend remains bullish.