Potential BTC Bounce and Liquidity Levels Analysis | Flash News Detail | Blockchain.News

Potential BTC Bounce and Liquidity Levels Analysis

9/6/2024 7:52:12 PM

Potential BTC Bounce and Liquidity Levels Analysis

According to CryptoMichNL, Bitcoin is likely to experience a short upward bounce before taking liquidity below $52.5K, potentially creating a bullish divergence and reversing. If this scenario does not play out, the next support level to watch is $48K. The analyst suggests that the current market pain may soon be over. (Source)

Bitcoin BTC CryptoMichNL liquidity Bullish Divergence

More from Michaël van de Poppe (@CryptoMichNL): Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast