BTC price battles for key $69K as Bitcoin nears short liquidation zone

Bitcoin nears nine-day highs to start the last week of March, but many are still highly cautious about BTC price optimism.The top of the previous cycle bull market, $69,000 nonetheless continued to act as a psychologically important line in the sand.

Skew noted that significant buy liquidity was situated only at $60,000, while major resistance was in place above current all-time highs near $74,000. “Last month Bitcoin closed ~$61.1k and if bulls can close above that level this month it would be an unprecedented 7th consecutive green M close for #BTCUSDT,” he

Alan referred to the monthly close as a potential area of volatility, arguing that a retracement could still come despite his “fairly bullish” longer-term bias.

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